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🇻🇪 Venezuela has been grappling with persistent double-digit inflation since the 1980s, reaching hyperinflation in 2018 with estimates as staggering as 2 million percent.

🛢️In 2018, the government introduced its own cryptocurrency, the Petro, aiming to navigate international sanctions and stabilize the economy. However, it did not get any traction at all.

💸 Despite government attempts to regulate cryptocurrencies, with registration for mining operations and strict rules for exchanges, the financial turmoil has led people to hard assets like Bitcoin, or stablecoins like USDT for wealth preservation.

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