The price of Bitcoin in Venezuela is now doubling roughly every three weeks as hyperinflation continues to plague the country. At the same time, Bitcoin trading volumes keep hitting record highs as people are scrambling for an exit. 86,857 Percent Annual Inflation Rate Just a year ago, a cup of coffee in Venezuela would have cost you 2,300 bolivars. Today, however, according to Bloomberg’s Café Con Leche Index, you’d have to pay roughly around 2 millionRead MoreThe post Venezuela: The Price of Bitcoin is Now Doubling Every 18 Days appeared first on Bitcoinist.com.
