Statistical analysis showed that the exchange of Venezuelan bolivars for Bitcoins reached a record high earlier this week.
Recent Bitcoin news has shown that cryptocurrency has fallen 1.95% in the last 24 hours, reaching $ 11,628. Despite this, Bitcoin’s trade volume on the LocalBitcoins p2p platform in Venezuela has broken a historic record over the past week.
Thus, during this period, Venezuelans traded about 68 billion bolivars for Bitcoin, exceeding the previous record of 58 billion recorded last month.
In the first few months of 2019, the Venezuelan Bolivar has experienced a period of severe hyperinflation, and the International Monetary Fund (IMF) estimates that inflation will rise from 1 to 10,000,000 percent during the financial year.
Bitcoin bids in Venezuela showed a historic high. Recall, on August 6, the value of the first cryptocurrency, Bitcoin, increased to $ 12,171.