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Bitcoin trading in Venezuela on all-time high and the USA increase pressure

In the permanently crisis-ridden Venezuela, the Bitcoin-trading reached on the P2P platform, local bitcoins at the weekend, a record volume, and calls the U.S.

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Bitcoin trading in Venezuela on all-time high and the USA increase pressure

In the permanently crisis-ridden Venezuela, the Bitcoin-trading reached on the P2P platform, local bitcoins at the weekend, a record volume, and calls the U.S. government on the Plan. This has now frozen all state accounts of the socialist of Venezuela in the United States and confiscated the assets. The dramatic escalation is a consequence of far-reaching diplomatic discord between the two countries. But it also shows that the explosive power of Bitcoin & co. in world politics, already achieve.

From Polina Khubbeeva
On 7. August 2019BTC$11.688,00 0.11%part Facebook Twitter LinkedIn xing mail

Regularly headlines related to Bitcoin and crypto-currencies in Venezuela. In addition to the Petro, the moderately successful state of crypto-currency from the pen of President Maduro, has the Bitcoin in Venezuela, a strong Standing.

mainly because the Venezuelan Bolivar may lose in unpredictable ways to value, offers Bitcoin in Venezuela as a worthwhile Alternative. In times of enormously varying rates of national currencies is not open correlated crypto-currencies to the citizens of crisis-stricken States the possibilities for the secure investment of funds.

The crypto-site Coin-Dance-to-date data, however, the weekly volume of trade on the Peer-to-Peer Bitcoin exchange local bitcoin of Bitcoin to Venezuelan Bolivar. On 3. August reached this value, then an all-time high. The Bitcoin prices in Venezuela among other things, due to the Hyperinflation in the country at record levels. Shortly after this message, the government, Donald trump led in the United States a De facto trade embargo against Venezuela, and Venezuela has frozen's assets in the United States.

success of Bitcoin in Venezuela provoked US government

The all-time ranks high of Bitcoin in Venezuela in a chain of events that damaged the relationship of the two countries are serious. The Venezuelan government recently issued a Business ban for American business people. The United States wishes meanwhile, opposition leader Juan Guaido as a successor Maduro. Are you accusing the President-in-office also abuse of power and the violation of human rights. With the trade embargo the USA, Venezuela is apparently on a par with the so-called "rogue States" such as Syria, Iran and North Korea.

Bitcoin breaks not only in Venezuela records

Further research by Coin Dance to show a growing popularity of Bitcoins in other countries. After that, Venezuela is not the only country where BTC is flying high am. In the last few weeks, some other countries, such as Colombia and Argentina, are at increased Bitcoin showed trading volume. Striking in this analysis is that all three countries are in a Phase of Inflation. Obviously crypto to take currencies – especially Bitcoin – to-use and popularity, if there are stability problems with the national currency.

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