Talking about cryptocurrencies and Venezuela

1. Venezuelans are really using Bitcoin and stablecoins to survive
Inflation has soared to over 200%, and wages become worthless just a few days after being paid, making it impossible to afford food. Many rely on overseas relatives to send remittances via Bitcoin, which has become a “lifeline” to bypass government controls and preserve purchasing power.
2. The government is also experimenting with digital currencies
Besides civilian use, the Venezuelan military has set up a “Digital Currency Production Center,” suspected to be official mining. They previously promoted the “Oil Coin,” aiming to break through US financial sanctions, but the results seem mediocre.
3. This is actually a new way of using the US dollar
The US recently passed three major stablecoin laws, effectively “digitizing” dollar dominance. Many countries with insufficient foreign exchange reserves and fragile currencies, once sanctioned, may abandon their own currencies in favor of dollar stablecoins or Bitcoin—this is like a “financial magic attack,” directly bypassing traditional defenses.
4. Too close to the US, too much pressure
Especially in Latin American countries, foreign exchange reserves are often depleted, exchange rates collapse, and prices soar. Ordinary people are forced to spontaneously choose US dollar assets for self-protection. This also reminds people of the saying: “Too far from heaven, too close to the US.”
In these countries, cryptocurrencies are no longer just “investments,” but have become survival tools against inflation and sanctions. Meanwhile, the US is embedding its financial influence more deeply into the global landscape through stablecoins—another round of “digital hegemony” may have already quietly begun. $BTC $ETH