Post
Topic
Board Economics
Re: Venezuela hit by new nationwide powercut for more than three days
by
efxtrader
on 05/04/2019, 08:01:03 UTC
Venezuela facing hard economic crisis over the years, and the past month it begun to recover slowly. Now once again the scenario is going worse with nationwide powercut. Mundro indicates USA as the cause, even the capital city Caracas too is experiencing the same. Business people prefer moving out of the country, as they've lost hope of the recovery.

Will this make any impact on the global cryptocurrency economy as electricity is a much required resource for the successful functioning of bitcoin and major other cryptocurrencies in the market. I believe such scenario will never happen with any of the countries around.

Venezuela made a big mistake by taking oil rigs with military force. President should knew the impact of this step and should nationalising with more smooth and not cause loosing international company investment.
Its hard for venezuela peoples but i think this condition should not last long but its about politics too so i think its complicated for venezuela peoples