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Venezuela Bitcoin Trading Reaches All-Time High Amid Inflation
Venezuela Bitcoin trading reached its all-time high as the International Monetary Fund projected that the country will experience the world’s highest inflation rate for this year as we can read in the latest cryptocurrency news. With the week ending on August 3, the number of Venezuelan Bolivars that were exchanged for Bitcoin increased up to 67 billion. The previous record was reached at 58 billion. According to the data from the Associated Press, the IMF believes that the inflation in Venezuela will hit up to 1,000,000 percent by the end of 2019 and because it is a deflationary currency, the demand for Bitcoin in ... (full story)
