Could Bitcoin Provide A Hedge Against Venezuela’s Failing Oil Industry?

Protests continue to rage in Venezuela as inflation soars to
unprecedented levels and the price of oil remains low. The
country’s national currency is now worth less than fictional gold
in Azeroth, the setting of the popular massively multiplayer online
role-playing game World of Warcraft, pushing Venezuelans to bitcoin
to hedge against the nation’s struggling economy. So, What
Happened? Under President Hugo Chavez, Venezuela underwent a
revolution, bringing social programs such as education and health
care to the people, propped up…

Protests continue to rage in Venezuela as inflation soars to
unprecedented levels and the price of oil remains low. The
country’s national currency is now worth less than fictional gold
in Azeroth, the setting of the popular massively multiplayer online
role-playing game World of Warcraft, pushing Venezuelans to bitcoin
to hedge against the nation’s struggling economy. So, What
Happened? Under President Hugo Chavez, Venezuela underwent a
revolution, bringing social programs such as education and health
care to the people, propped up…