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100 sats \ 0 replies \ @lrz 30 Jul 2022 \ parent \ on: Venezuela Hyperinflation against Weimar's and Zimbabwean bitcoin
Yes I hope that too.
In my opinion Venezuela would have a radically better standard of living if they were both U.S.-sanctioned and hyperbitcoinized. They have a lot of farmland, access to the ocean, and an insane amount of oil and other natural resources, and while international trade is limited they still have some access to it. Their real enemies are the kleptocrats in Caracas.
I think significant trading will be done in rubles much before BTC, although central banks will slowly start including BTC in their reserves.