According to the latest information from Bitcoin.com, they have reported on this. I don't know if this is a bad effect or a good effect on the market? Everyone can make a point here.
It is a good thing because the Government of Venezuela are fully committed on cryptocurrency and no bad intentions on using it like controlling it, they are like Japan who sees bitcoin as a new light of hope that could bring back their country in good feet and save their country in poverty. In this kind of movement, I am getting my high hopes that bitcoin could really be the main currency we are going to use since fiat is too vulnerable.
Fiat is just a mere piece of paper that have its value because the Governent says it's have one.