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Langgampos.com - Venezuelan opposition leader, Maria Corina Machado, has proposed a revolutionary idea to address the country's rampant inflation by integrating Bitcoin into the national reserve.
In a recent interview, Machado highlighted the severe economic decline Venezuela has faced, marked by hyperinflation and currency devaluation. The country's fiat currency has lost 14 zeros from its value, eroding the wealth of its citizens.
Against this backdrop, Machado sees Bitcoin as a potential lifeline for Venezuelans. She praised its unique properties, noting how it has helped people preserve their wealth and fund their departure from the struggling nation.
“We envision Bitcoin as part of our national reserves, aiding in the recovery of what the dictatorship has stolen,” Machado stated, according to Bitcoin.com on Monday (9/9/2024).
Machado, whose organization has been barred from traditional banking, also launched a campaign through the Human Rights Foundation, soliciting donations to support peaceful efforts for recognition of their movement’s victories. The campaign ensures that 100 percent of the funds go directly to workers in Venezuela through channels that cannot be blocked by the regime.
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