🇻🇪 Bitcoin believers speak out in Venezuela as Maduro makes historical devaluation

In efforts to stabilize the economy, Venezuelan President Nicolas Maduro has lopped five zeros off the bolivar, introduced new bills, and linked the new bolivar’s value to the national oil-linked petro cryptocurrency amidst its economic crisis. Last month, the International Monetary Fund warned Venezuela’s economy is expected to contract by around 18% in 2018, while inflation is forecast to reach 1,000,000%. People in the country struggling with the level of inflation are opting to use Bitcoin ($BTC) and cryptocurrencies as an alternative.