Friday, August 18, 2017

Bitcoin Rise Due to Global Currency Crises, Accessibility: Analysis

Bitcoin Rise Due to Global Currency Crises, Accessibility: Analysis

It’s been quite apparent over the last few months that Venezuelans are turning to cryptocurrency at an exponential rate as a safe haven for their wealth and investments in their crisis-stricken economy.


As the value of the Bolivar collapses, the country’s citizens are turning in droves to Bitcoin and other cryptocurrencies as hedges against currency collapse.  


New data from investing.com suggests, however, that it’s not just Venezuelan citizens that are turning to cryptocurrencies as fiat currencies collapse.


The investment portal researched the top ten countries accessing cryptocurrency across its platform and noticed an interesting trend.


Full story at http://bit.ly/2wXWjRe


Source: CoinTelegraph


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