The number of Venezuelan bitcoin users has doubled and the trading volumes of Venezuelan bitcoin exchanges have increased substantially since 2014. A spokesman of bitcoin Venezuela told Panampost: “The price [of bitcoin] never fluctuates at the same rate as the devaluation of the bolívar, which lost 60 percent of its value in one month.” The country’s largest bitcoin advocacy organization stated that a significantly large portion of bitcoin buyers hold the digital currency, and […]
