Due to the high inflation that we live in Venezuela Bitcoin is growing more and more, being an economic attraction, since the bolivar is totally devalued, the acquisition of foreign currency is null and the foreign exchange market is parallel, a market with a very high price , in previous years we Venezuelans had the opportunity to make purchases online through credit cards, the state assigned a quota of foreign currency to each Venezuelan through credit cards, which were reducing the limit to eliminate in its entirety . That is one of the reasons why bitcoin is used as a monetary refuge.
Once the bitcoin is obtained it can be exchanged in bolivars to live day to day in our country, or it can also be exchanged for dollars to make purchases in foreigners a very important way since many things like medicines are not found country and you have to import them.
One of the other advantages is the price of electricity that is very economical since it is subsidized by the National Government, that is a competitive advantage, since the one that mine criptomonedas needs to have the machines on all day and with air conditioners so that the machines do not get hot.
It is very profitable to produce bitcoin activity that consumes a lot of energy, operating cryptocurrencies is not illegal in Venezuela, however the government entities stop those who do it for the theft of energy.
