It's subject to debate but turning Bitcoin in a cash cow isn't really was it was supposed to be. So we wanted to be out of the finance industry but we 're replicating the same thing with the crypto market :/
When someone is investing in something, buying it at $xx,xxx and reselling it later at $xx,xxx, I call it speculating. If you're investing in something to use it later, you're investing.


So by saying this, your point is to say Bitcoin can be used as a store of value? I don't think it should be considered as it... as we agree, the goal is to preserve your asset right? How investing in Bitcoin is supposed to protect it? Imagine someone who invested back at $20,000? I know what you're going to say: 'Its value will increase in the future so no problem hold'. Which I agree too, but it's again speculating, we're not protecting anything doing this. Yes, some people use it as a store of value, it doesn't mean they're good at accounting, they just take a risk to use it as SOV.

I wanted to look through the news to remind me when the crisis started in Venezuela, but I found something else, and I see why you're talking about it today.

Yes, maybe they wanted to leave the system to protect their currency against the crisis (when it was? 1-2 years ago?). We come back to what I was saying, their goal was to protect their asset. But what would have happened if it was in the period of late 2017? Losing 50% is not at all what we call protecting an asset.

I know you mentioned this country because the news reported an increase in the volume on LBC since 2018 (here) but check again and see the situation today, the volume decreased by 80%...in 3-4 months...
Also, we don't know if they're using it to speculate to for their daily needs. At least I haven't heard about thousands and thousands of
merchants turning to Bitcoin. Show me otherwise.