In Venezuela, the Bitcoin price doubles every 18 days!

Venezuela - once one of the world's richest countries with huge reserves of minerals and crude oil - has been in great difficulty in recent years. In order for the government to pay bills, it puts into circulation a huge amount of banknotes. The state currency - the bolivar - now has almost no value. Hyperinflation is a daily reality for Venezuelans.
Venezuela and Bitcoin

Just a couple of months ago in Venezuela, a coffee of 2300 bolivarians stood. Today, according to the Bloomberg Café Con Leche Index, you have to pay an incredible two million! Inflation in the country only reached 86,857% in 2017 and is steadily rising. According to some estimates this year will be a million percent!

Residents of Venezuela are looking for alternative ways of preserving value. The state currency is inapplicable, the dollar is in deficit, and the new state cryptome Petro oil can not be trusted.
Demand for Bitcoin is growing. Since June, the daily volume of Bitcoins traded in the country has doubled and, thanks to hyperinflation, despite the long-lasting downtrend, the Bitcoin price in Bolivar is rising. And that's right! It doubles on average once in eighteen days.

One Bitcoin is currently trading in Venezuela for one billion Bolivarians and the demand for this cryptome is growing sharply. This looks like Bitcoin's traded volume at LocalBitcoins:

It is good to watch how cryptoscopes help people in need all over the world.

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