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Global markets have been in a tailspin since the US military took military action against #Venezuelan smugglers and Washington’s escalation of its political stance against the #Venezuelan government. The rising tensions have sent oil prices soaring, weighed on the stock market and caused a short-term pullback in #Bitcoin. But amid all this, one thing is being overlooked. #Venezuela is one of the oldest and most real examples of popular #Bitcoin adoption in the world. Years of rampant inflation, capital controls and the collapse of the national currency have driven a large portion of the country’s population away from #Bitcoin as a means of storing value and transferring money. For many #Venezuelans, #Bitcoin is not a speculative asset. It is a necessity. Money that is not tied to the government cannot be, and will not be, devalued by political decisions. Short-term price increases or decreases in response to geopolitical tensions do not diminish this fact. Every time political and economic pressure intensifies, the reason for #Bitcoin's existence in real life becomes clearer. @ODELL @Bruno image

Replies (10)

↩ replying to Kayne
aber immerhin sind die Militäranschläge und die "Enthauptung" einer (ausländischen) Regierung durch US- Recht gedeckt! Fck Souveränität Warum soll ich warten, bis ein Volk sich erhebt? Stell dir vor: es erhebt sich gegen die Regierung / das System und es kommt nicht das dabei heraus, was mir gefällt! Da mache ich das doch lieber gleich selbst. Venezuela, Iran, ... völlig egal Völkerrecht, ICC, UNO ... sind etwas für Versager. MAGA _____ bzw: Bitcoin is not the solution it needs more
With the beginning of the US military operation against the #Venezuelan government, what is being closed is the case of another government that ignored the collapse of the national currency and imposed its cost on the people. Years of rampant inflation, uncontrolled printing of money, and disregard for the purchasing power of citizens have eroded social trust and weakened political legitimacy. The #Venezuelan experience shows once again that the fall of governments often does not begin on the battlefield; it begins with the collapse of the national currency. Ignoring money ultimately leads to ignoring the people, and this is a path that always ends in collapse. And now, on the eve of these developments, the #Bitcoinist government in exile of #Venezuela is preparing to establish itself. @npub1guh5...6hjy @ODELL @npub1derg...xzpc @Bruno image View quoted note →
Can you define “global markets”? (Not trying to bait you, merely trying to understand your context as from my context, “global [public] markets” have been closed since Friday afternoon Eastern and won’t reopen until Sunday 5pm Eastern.) So I’m curious which global markets you are looking at on a Saturday? Thanks