Venezuela opposition’s Bitcoin reserve plan must overcome political turmoil first
Opposition leader María Corina Machado proposed adding Bitcoin to Venezuela’s reserves for a new era led by Edmundo Gonzalez.
Venezuelan opposition leader María Corina Machado‘s proposal to include Bitcoin (BTC) in the country’s national reserves appeals to both Venezuelans and Bitcoin supporters alike.
However, there’s a lingering distrust in the country’s political system and uncertainty over whether this proposal could realistically help the current crisis or if it’s just political posturing.
On Sept. 6, Machado acknowledged in an interview that many Venezuelans turned to Bitcoin as a “lifeline” during the country’s hyperinflation crisis, using it not only to preserve their wealth but also to fund their escape from the country.
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Author: Daniel Ramirez-Escudero
