For decades, the inflationary monetary policies of Western countries, led by the United States, have drastically reduced your purchasing power.As the U.S. dollar is the world’s currency, all monetary policy decisions made by the United States have a strong impact on other countries.
Needless to say, the repercussions are even more disastrous for the poorest countries.
In these countries, people are suffering from the tool of oppression that the U.S. dollar has become.In the event of a conflict with a country, the United States does not hesitate to brandish the weapon of the U.S. dollar without even considering the disastrous consequences on local populations.
In Venezuela, the country is under the control of a dictator in open conflict with the United States.
In an attempt to weaken it to push it out, the United States makes full use of economic sanctions.
So far, the president of Venezuela is holding firm and it is the Venezuelans who are paying the high price of the American sanctions.
To counter these sanctions, the President of Venezuela keeps increasing the money supply of the local currency, the Bolivar, without even considering the dramatic impact on his fellow citizens.In Venezuela, the price of a coffee rose from 0.2 Bolivars in 2017 to 30,000 Bolivars in 2019, an increase of 149.999% in just two years.
To protect themselves from this policy that constantly devalues what they own, the Venezuelans have found in Bitcoin a real bulwark.
Bitcoin exists in a limited quantity of 21 million.This finite and fixed supply of Bitcoin guarantees them that 1 BTC bought today will still be worth 1 BTC in 10, 25 or 50 years.
By buying Bitcoin, Venezuelans, and many other people around the world are protecting themselves from the inflationary policies of their leaders.
Bitcoin is a social revolution that is still in its infancy.
If you live in the U...