As always, when you ask why crypto remember here in Venezuela last MONTH inflation was 6% and it seems “good”, this year inflation is over 100% currently.

Hi,

Have been a little off some some weeks but I’m here still in Venezuela.

Wanted to update the inflation numbers. They look good compared to years ago where we had 50% daily and over 100k% yearly!

https://www.nasdaq.com/articles/venezuelas-inflation-rate-ticks-up-to-6.2-in-june-central-bank

Monthly minimum wage is around 40 USD now, 5 USD is the “wage” but you get some bonus in Bolivares and they make around 40-50 USD monthly!

Crypto is used as a way of escape inflation, sell/´purchase (I have paid in the supermarket with Bitcoin and Litecoin) and save. Also a way of receving remittances from family abroad.

Any question let me know!