Venezuelan Opposition Leader Calls for Bitcoin Reserve Assets
CryptoNewsTerminal Staff05 Sep, 2024
Venezuelan Opposition Leader Calls for Bitcoin Reserve Assets
Venezuelan opposition leader Maria Corina Machado has made a recent proposal to include Bitcoin in the nation's reserve assets. She believes that Bitcoin is essential for the country and a fundamental tool as a hedge against inflation and government oppression. Machado labeled Bitcoin as a "lifeline" and a store of value, especially in countries like Venezuela, where the local currency, the bolívar, has been plagued by hyperinflation and government mismanagement. Venezuelan President Nicolas Maduro has recently echoed similar sentiments, suggesting a re-exploration of the cryptocurrency landscape and a potential return to the digital asset market.
