This observation is very important for the return of the Venezuelan economy

VENEZUELA 🇻🇪🇻🇪🇻🇪

In 2024, the blockchain research company Chainalysis published the “2024 Geography of Cryptocurrency Report,” which revealed that 4 countries in Latin America are among the list of countries with the highest cryptocurrency adoption index, ranking 13th above Mexico and Argentina.

Venezuela is a special case among countries that accept Bitcoin and its free use. Given the constant devaluation of the bolívar and the inflation affecting the country, many users choose to seek refuge in BTC.

Not only that, but the changing restrictions, as well as the complications in accessing foreign currencies, have only fueled the adoption of Bitcoin in the country. The government partially supervises the use of BTC, but the currency continues to be a clear tool for maintaining purchasing power and completing transactions internationally.

Gradually and increasingly discreetly, more formal businesses are seeing advertisements like: We accept Binance Pay or USDT as payment methods. From small shoe stores, hardware stores, or restaurants to clinics, travel agencies, gyms, and brand stores, they are opening up to the world of cryptocurrencies, more as a monetary palliative than as an investment means. Not to mention the remittances that Venezuelans abroad send to their compatriots as financial assistance.

Thus, what is currently an open secret is gaining ground. Although it is too early to know what direction the holding and trading of cryptocurrencies will take, the trend seems irreversible given the macroeconomic results and monetary policies being developed in Venezuela.

If there is one thing we Venezuelans know, it is how to take advantage of adversities and create opportunities for generating well-being.

#Venezuelacripto $BTC #PortalLatinoBinance