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Bitcoin World #4 – Venezuela: Bitcoin Wont Fix Venezuela With Javier Bastardo

In this interview, I discuss to Javier Bastardo, a journalist for Cointelegraph, primarily based in Caracas, Venezuela. We talk about Venezuela’s political and financial scenario, hyperinflation and the fact of Bitcoin adoption within the nation.

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How can we use Bitcoin if we cant even communicate with each other with WhatsApp?

Javier Bastardo

Location: Caracas, Venezuela

Date: Thursday, 13th February

Project: Cointelegraph

Role: Journalist

Venezuela is a few years right into a political and financial disaster. Rooted within the Hugo Chavez presidency and continued by Nicolas Maduro, Venezuela is a mafia dictatorship carrying the cloak of socialism.

Years of financial mismanagement and corruption has led to monetary catastrophe in Venezuelan, comparatively worse than the Great Depression, Zimbabwe’s 20082009 hyperinflation disaster and the breakup of the Soviet Union.

Hyperinflation led to important development in poverty, hunger and mass migration, with thousands and thousands leaving the nation. With the collapse of the forex, many Bitcoiners, together with myself, requested whether or not Bitcoin might assist. Could Bitcoin scale back the influence of hyperinflation? Could locals mine Bitcoin at low power prices to earn an earnings? I visited Venezuela to search out out.

In this interview, I discuss to Javier Bastardo, a journalist for Cointelegraph, primarily based in Caracas, Venezuela. We talk about Venezuela’s political and financial scenario, hyperinflation and the fact of Bitcoin adoption within the nation.

Bitcoin World #4 - Venezuela: Bitcoin Wont Fix Venezuela With Javier Bastardo

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2 Comments

  1. Peter, I'm going to leave one comment on your youtube and only one comment. I hope you take it seriously. Bitcoin is a cryptocurrency or crypto as you call it. Thats it man. I hope this helps you in future endeavors. Cheers mate.

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