๐จ Is the rise of $USDT in Venezuela really benefiting us? ๐ป๐ช๐
The price of $USDT against the bolรญvar continues to push upwards. For Venezuelans, this is a double-edged sword, and hereโs why:
๐ข Why does it benefit us?
Those receiving income in crypto or who swapped their bolรญvares in time are shielding their purchasing power. $USDT remains the top shield against devaluation.
๐ด Why does it hurt us?
The phenomenon of currency lag. Even if the dollar/$USDT goes up, prices in stores sometimes rise faster, meaning that even dollarized, we lose purchasing power in our day-to-day transactions.
๐ก Is it time to BUY or SELL?
Buy: If you have bolรญvares that you wonโt use in the next 48 hours, itโs still advisable to buy. The bolรญvar, under liquidity pressure, tends to lose value.
Sell: Only what you need for your daily expenses. Staying in $USDT remains the most logical preservation strategy.
What are you doing right now? Accumulating or swapping for bolรญvares to spend? Iโm reading your comments! ๐
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