Most Bitcoin HODLers may be wondering when lambo and when moon, but in parts of Latin America, and particularly Venezuela, Bitcoin is saving people’s lives.


Bitcoin Is Saving People’s Lives in Venezuela

Bitcoin went on tearing breakout on Sunday trading at over $4,200–its highest in 2019. But for any Latin Americans and Venezuelans, in particular, Bitcoin isn’t a speculative asset for getting rich quick–it’s a lifeline.

Bitcoinist has reported several times over the course of the last year about the uptick in Venezuelans, Colombians, and other countries in Latin America buying bitcoin. In fact, the volume of Venezuelans buying bitcoin has steadily increased for more than 12 months (bar the week of Feb 16, which saw a somewhat unexplained drop).

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With such a marked rise often characterized by dramatic spikes from one…

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Source: https://thebitcoinnews.com/bitcoin-is-more-than-a-speculative-asset-to-people-in-venezuela/