The previous record set in June was broken during the opening week of July when over forty-seven billion Venezuelan bolivars were traded against the cryptocurrency Bitcoin. The current scenario indicates that, as, the political instability, social unrest, economic uncertainty increases, Venezuelans tend to accumulate more and more bitcoin. This unprecedented interest in Bitcoin may be due to the constant weakening of Venezuelan currency. According to estimates, Venezuela’s inflation rate in last April hit a whopping 1, 300,000 percent. While last month, the South American nation reportedly announced that a fifty thousand bolivar bill would be designed that would provide smooth
