With the continuing hyperinflation and the seemingly non-stop going down of the Venezuelan economy, locals turn to Bitcoin trading for sustenance and wealth building opportunity.
The value of venezuelan currency has extremely declined. Actually the bolivar soberano is a new type of currency issued by government to replace bolivar Fuerte, but unfortunately it has continued to decline. Its government also try to adopt cryptocurrency, the government introduced petro which is national cryptocurrency that backed by oil but it was failed. There is similar trend in zimbabwe too.