- Bitcoin remains extremely popular in Venezuela, given the faltering economic picture in the country.
- The Venezuelan Bolivar continues to heavily decline in value, forcing local to seek an alternative in Bitcoin.
Bitcoin trading volumes have hit record highs in the country of Venezuela, given the growing economic instability in the country.
The conditioning economically for Venezuela’s economy has forced the locals resorting to other means for storing their monies.
There is much depreciation in value of Venezuelan Bolivars, as it barely holds on, with the country’s inflation rate has grown beyond ten million percent (10,000,000%) mark.
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