Around 30 BTC are being traded each week in Venezuela, measured only using LocalBitcoin

Hi guys, just updating this numbers as I always do each Sunday.

Last week was 33 BTC, same than the week before.

No big changes, monthly average is around 130 BTC.

Remember this is only measured using LocalBitcoin. There are other exchanges where the volume is higher for sure, like Binance (king here).

Monthly minimum wage now under 16 USD. Average around 100 USD.

One BTC is around 170,000 Bs. -Bolivares- (remember in the last 15 years, 14 zeroes have been removed from the currency, without doing that BTC price would have been 17,000,000,000,000,000,000 "pre2007" Bs.)

Moons helped me a lot, before you didn't get punished for exchanging them!

Crypto has been used for years (a lof of them, BTC, ETH, LTC, Nano even stablecoins) so people would exchange their Bolivares as soon as possible! Some people use them to send remittances to their families here and also people mining (house electricity is free, here mining with GPU is still profitable).

https://www.reuters.com/technology/venezuelas-economy-regresses-crypto-fills-gaps-2021-06-22/

https://en.wikipedia.org/wiki/Hyperinflation_in_Venezuela

https://coin.dance/volume/localbitcoins/VED/BTC

https://coin.dance/volume/localbitcoins/VED

https://www.caracaschronicles.com/2020/10/23/you-need-285-minimum-wages-in-venezuela-to-feed-your-family/

https://www.caracaschronicles.com/2022/04/21/is-venezuela-doing-better/

https://www.caracaschronicles.com/2022/04/20/the-bizarre-figures-of-venezuelas-economic-recovery/

https://localbitcoins.com/country/VE

https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/