Bitcoin (BTC) Interest and Trading Rising in Venezuela

Bitcoin (BTC)

Venezuela’s economic crisis continues to worsen, despite the president’s controversial attempts to revive his country. The demand for Bitcoin (BTC) and other cryptocurrencies continues to rise this year, as the country’s dollar, the bolivar, continues to drop.

Venezuela has hit crisis mode extreme, but can BTC save them?

Bitcoin Booming in Venezuela

According to Coin Dance, Venezuelan residents’ interest in Bitcoin (BTC) reached its peak in July of this year. Most countries have declined since January of 2018, when the total crypto market hit its all-time high.

In December, BTC hit just …

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About Brian Crain 113 Articles
Brian is a contributor here at Mid Scope. Brian was previously in charge of Business Development at the enterprise blockchain company Monax. He has degrees in economics, philosophy and cognitive science from The University of Chicago, London School of Economics and University College London.