With continued hyper-inflation eating deep into the economy of South American countries, bitcoin has been widely accepted as a solution to this economic problem by citizens. In recent times, countries like Venezuela, Columbia and Argentina has faced dismal economic situations with hyper-inflation crippling their economy. Venezuela’s situation can be considered as one of the worst ever seen, as its inflation rate has increased by 53,798,500% since 2016. However, its citizens has taken respite in transacting in bitcoin and using it for their day to day businesses. Unlike in South America, in India, China, Russia, the largest digital asset is still
