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Bitcoin As National Reserve: Venezuela Opposition Leader Takes Cue From Trump’s Strategy

Bitcoinist LogoBitcoinist11h ago

Bitcoin As National Reserve: Venezuela Opposition Leader Takes Cue From Trump’s Strategy - Bitcoinist

Quick Summary:

In a significant statement on Thursday, Venezuelan opposition leader María Corina Machado announced her plans to use Bitcoin (BTC) as a national reserve asset, similar to former US President Donald Trump’s recent endorsement of a national BTC stockpile.

Machado characterized this situation as financial repression fueled by unchecked money printing, despite Venezuela’s vast natural oil reserves, which are among the largest in the world.

Machado further provided concerning statistics, noting that inflation has reached an “unimaginable” 1,700,000%, with prices for basic goods doubling almost every two days.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 18:44:36 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 408 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22379981

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About Bitcoinist

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 35 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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The story "Bitcoin As National Reserve: Venezuela Opposition Leader Takes Cue From Trump’s Strategy" was covered 11 hours ago by Bitcoinist, a news publisher based in Hungary.

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It's most recent story was published 8 hours ago.

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  • URL: https://beamstart.com/news/bitcoin-as-national-reserve-venezuela-172556189340

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