Topic: [2017-01-06] DCEBrief - Op-Ed: Venezuelans Look to Bitcoin for Economic Asylum (Read 247 times)
January 06, 2017, 01:29:29 PM
Op-Ed: Venezuelans Look to Bitcoin for Economic Asylum
Hyperinflation has destroyed the economic prosperity of Venezuelans. The oil-rich nation is now home to some of the highest crime rates in the world, and the banknotes required to conduct everyday life there are reminiscent of Germany’s Weimar Republic. Venezuela’s government has proven itself inept by printing money and spending themselves to oblivion, and by making everyday trade more difficult in their attempts to curtail the resulting hyperinflation. We heard from Leon about the challenges his family are facing in Venezuela, and how his discovery of Bitcoin has given him new hope for his family’s future.
Read the full story - https://dcebrief.com/op-ed-venezuelans-look-to-bitcoin-for-economic-asylum/
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