🇻🇪 [Analysis] Can Bitcoin Save Venezuelans? - Carlos Hernandez

To economist and Venezuelan Carlos Hernandez, Bitcoin ($BTC) is a godsend. A simple ten minute transaction on peer-to-peer exchange LocalBitcoins moves Hernandez's crypto holdings to ever-depreciating Bolivars for a quick trip to the grocer. Unfortunately, the grocers having nothing to sell, an increasingly common scene in an economy that has contracted by 18% last year alone. Still, Hernandez's Bitcoin has allowed his family to stay afloat where others have not. It even allowed his brother to briefly sojourn to Columbia for work: the magic of "borderless money." In the midst of a humanitarian crisis, Bitcoin is a silver lining.

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