Venezuela as proof that Bitcoin is the future of money

Bitcoin is often claimed to be a bubble and that it will end like the great speculation known as the Tulip Frenzy or Tulip Bubble in the 1600s.

Why is Bitcoin a bubble? can’t balloon We have published an analysis on this subject before.

Now, starting from the example of Venezuela, I will try to express that the future of money is digital currencies across Bitcoin.

Follow the press. If you are, you must have known. Venezuela has been in an incredible economic depression for some time now.. So much so that from time to time, even 800 percent can be pronounced as an inflation figure.. Therefore, the value of your money in Venezuela can become nothing every day.. This directly condemns you to starvation.

Hyperinflation is leading to Bitcoin

Bitcoin is a place where it can be said that it keeps people alive in Venezuela right now.. Those who discover Bitcoin keep their money in Bitcoin, thus avoiding the effect of inflation.. They can also buy food or clothing from other countries through Bitcoin.

This is the mission of Bitcoin..

Of course, the Venezuelan government is taking measures one after another against Bitcoin, but it has not yet succeeded.. The government had blocked several Bitcoin-related sites in the past through CANTV, the country’s public internet service provider.

Banesco bank closed the account of Venezuelan Bitcoin exchange SurBitcoin, which forced SurBitcoin to cease operations.. After that, people turned to websites like LocalBitcoins.. As it seems, it is not an easy task to prevent and prevent this digital revolution.

Not just Venezuela, of course.. Again in Bolivia, worried about high inflation, the public started to invest their money in Bitcoin.. Bolivian authorities took action on this, arresting about 60 Bitcoiners in the country and reiterating that they saw digital currencies as a pyramid scheme.

Bitcoin is currently still banned in several countries of the world.. Bolivia, Vietnam, Kyrgyzstan and Bangladesh are among these countries.

People’s money

There is a crisis around the world as banks and governments play with the value of money.. The revolution that Bitcoin will create will allow people to control their own money.

This is not just a currency that messes with the system and challenges experts.. There are people who need Bitcoin to survive. In Venezuela, as in Bolivia…