As the prices and interest increased in virtual currency, the media started talking about the most popular virtual currency in the market. Although there was no coverage of bitcoin during the first years, even after 10 years in the Bitcoin market, the mainstream media has appeared many times.
This experience came when it was used to buy silk on the street and to buy services, which was a black market for illegal goods and medicines. One of these first things that it allowed cryptocurrency to be placed in the media.
Now its financial institutions are interested in this virtual currency and are ready to enter the crypto market. Yet it’s things have changed, and Bitcoin is showing its ability to help transfer funds across the world and defend against other financial assets.
This time, this article was published on December 28, and it explains how bitcoin and virtual currencies changed the economic landscape for the Venezuelan citizens. One of the most interesting pieces written by mainstream media outlets focuses on how Bitcoin can play an important role in challenging authoritarian rule.
This Venezuela is a country facing high inflation rates and has been one of the worst performing economies over the last few years. This article was written by Alex Gladstein and explains what the Venezuelan people are currently living in their home country.
Apart from this some opposition leaders have been persecuted by the government. This authoritarian government controls the political scenario and does not allow other parties to work independently. The people of the country are not able to live with the basic salary and they are also unable to change the situation that they are living.
To avoid the effects of being an authoritarian government, its citizens have started using bitcoin and other virtual currencies. This Fiat currency is nothing in the country. These Cryptocurrencies played an important role in the country with inflation rate, which could be close to 1 million percent.