🌐 Taking a page from Trump's playbook? Venezuelan opposition leader proposes Bitcoin as a national reserve!
Recently, Venezuelan opposition leader María Corina Machado proposed a bold plan: to use Bitcoin as a national reserve asset. The idea is somewhat similar to former U.S. President Trump's recent proposal to support the creation of a national Bitcoin reserve.
💸 In an interview, Machado talked about Bitcoin's potential role in alleviating Venezuela's economic collapse. She pointed out that financial mismanagement in Venezuela under former President Hugo Chávez and current President Nicolás Maduro led to the collapse of the country's currency, the Bolívar.
📉 Machado mentioned that Venezuela's currency, once relatively stable, has depreciated significantly, with inflation at 1.7 million percent and the price of basic goods doubling almost every two days. Since 2016, inflation has exceeded 8 million percent, causing millions of Venezuelans to flee the country.
🏦 Machado believes that during times of hyperinflation, many Venezuelans see Bitcoin as a "lifeline" and use it to protect their wealth. She described Bitcoin as a humanitarian tool and an important means of resisting economic crises. In the "new democratic Venezuela" she envisions, Bitcoin is key to rebuilding the country's wealth, helping poor citizens, and ensuring property rights.
💡 She also emphasized that Bitcoin donations cannot be seized in Venezuela and are a key element of the peaceful transition movement. She advocated for the use of Bitcoin technology to promote much-needed changes in Venezuela.
🤔 While Machado's proposal does not directly mention Trump, there are clear similarities between the two. Trump previously said that establishing a national Bitcoin reserve could serve as a strategic reserve asset and is crucial to solving the United States' national debt problem.
💬 What do you think of Machado's proposal and the role of Bitcoin in the national economy? Share your views in the comments section!
