P2P VNZLA WHY IS IT RISING SO MUCH?😰😨🤔
What is happening with #USDT that is rising every day in the P2P of Venezuela ??
If you are a frequent user of the P2P on Binance in VNZLA, you have surely noticed that it is rising every day even when the dollar remains stable. But what is happening? Is there inflation of the USDT or what? There are 3 main theories circulating
here I explain them to you, one of them is the strongest
1:) SPECULATION + Arbitrage: Some believe that the rise is just speculation. Users with high volume buy USDT at a low price, then anticipating devaluation, they sell it the next day but with a very high margin.
Speculation is real and contributes, but it doesn’t seem to be the root of the problem; speculation comes from the expectation that the Bolívar will continue to devalue.
2:) Money Laundering; Another theory is that there are people with large amounts of “dubious” capital who are using P2P to move their Bs. They don’t care about paying more for USDT since they are only looking for liquidity.
This could happen in any P2P in the world and generate offers above the average, but this is not enough to move the market consistently.
3:) Is it the Economic Reality of the country?
This is the theory that is gaining the most strength and that adjusts to the market. The USDT reflects the value of the parallel dollar, that is, what companies and people are willing to pay for the currency.
There is an insatiable demand, in the face of the scarcity of $ in cash, there is a desperation for anything that serves as stable currency (USDT) in the face of the daily devaluation of the Bolívar.
The USDT is being used to: Protect money from inflation, pay imports, pay international services, and conduct business operations in a stable manner, which leads to an urgency to get rid of Bs.
This seems to be the fundamental reason why the price of USDT in VNZLA rises every day, although the other two influence, this is the strongest.
Leave me your opinion on these theories. Do you agree? Or do you have another one?
