Post
Topic
Board Economics
Re: Can bitcoin help rebuild Venezuela? - Darb Finance
by
rima valen
on 06/08/2019, 23:24:51 UTC
Venezuela is one of the most oil-rich countries. But right now Venezuela is experiencing a very severe crisis. The reason is the drop in oil prices. As much as 95 percent of Venezuela's income from exports. This means that when oil prices are high, a lot of money flows into the Venezuelan government's income. But when oil prices plummeted in 2014, all important government programs had to be stopped. Plus hundreds of thousands of Venezuelans leave their country. Venezuela is increasingly short of quality residents and the future is bleak. I am very sorry for a country that used to be very safe but now it is devastated and if I think bitcoin can only help a part of the Venezuelan economy but it can't help 100% you know the bitcoin movement like how