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Venezuela Sets New Bitcoin Volume Record Thanks to 10,000,000% Inflation

Published 07/23/2019, 05:54 AM
Updated 07/23/2019, 06:01 AM
© Reuters.  Venezuela Sets New Bitcoin Volume Record Thanks to 10,000,000% Inflation
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Venezuelans traded more bolivars for Bitcoin (BTC) than ever before last week, but the statistics say more about fiat than cryptocurrency.

Data from Coin Dance, which tracks trading activity on P2P exchanges Localbitcoins, Paxful and Bisq, confirmed the seven days to July 20 were Venezuela’s biggest on record.

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