đ¨ **Crypto News Flash!** đ¨
MarĂa Corina Machado, in a recent interview with Alex Gladstein of the Human Rights Foundation, highlighted Bitcoin's crucial role in helping Venezuelans combat hyperinflation and economic collapse. Machado described Bitcoin as a "lifeline," enabling citizens to bypass government-controlled exchange rates and preserve their wealth amidst the economic turmoil caused by the ChĂĄvez and Maduro regimes.
Key Points:
- BolĂvar has lost 14 zeros since 1999 due to inflation.
- Bitcoin acts as a financial hedge and tool of resistance.
- Government blocked access to Binance and other platforms post-2024 election protests.
- Machado envisions Bitcoin as part of Venezuelaâs national reserves for economic recovery.
đŹ What are your thoughts on Bitcoin's role in crisis-hit economies? Share in the comments!