Just updating this weeks numbers. 35 BTC were traded in Venezuela last week only measured using LocalBitcoin. Monthly minimum wage still at 23 USD.
Hi guys, as I have been doing for years, updating this week numbers. I usually post it in crypto, but lately have been posting it here, as it talks directly about bitcoin !
A big drop from 45 BTC to 35 BTC, I don't see a reason considering price has been almost constant this week.
Binance trades way more but they do make public the stats. This is only being measure using LocalBitcoin.
Monthly minimum wage is 23 USD, average is around 100 USD.
People use crypto to get rid of Bolivares and escape inflation, also to receive money from abroad, exchange their mining profit (mining here in theory is legal, but not safe anyway, electricity is free but unreliable).
Any question, let me know!
Some sources,
https://www.caracaschronicles.com/2022/04/21/is-venezuela-doing-better/
https://www.caracaschronicles.com/2022/04/20/the-bizarre-figures-of-venezuelas-economic-recovery/
https://coin.dance/volume/localbitcoins/VED/BTC
https://coin.dance/volume/localbitcoins/VED
https://localbitcoins.com/country/VE
https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/
Submitted July 24, 2022 at 10:07PM by WorkingLime https://ift.tt/TOrCIxi
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