The market capitalization of #Bitcoin❗ increased by $416 BILLION in just 9 weeks. The market capitalization TOTAL from 3 years ago was only $300 billion. $$BTC
🇺🇸 💥 The US Federal Reserve will inject US$2,122,000,000 into the market this week. They are continuing to buy US Treasury bills to stimulate the country’s economy. Jet fuel for #bitcoin.” ...😅
The discussion about the formal dollarization of the Venezuelan economy has gained weight after years of informal dollarization of prices driven by the loss of purchasing power of the bolívar. One of the positive aspects of this measure would be to remove the Central Bank of Venezuela’s ability to issue money without backing to finance public spending; the main cause of inflation is eliminated, and the purchasing power of prices expressed in the new currency is stabilized immediately. In the context of sovereignty, the power of monetary and exchange-rate policy is lost, and the country loses the ability to adjust interest rates or devalue its currency to make its non-oil exports more competitive or to mitigate international financial impacts. Adopting the dollar does not automatically lead to wage increases or resolve failures in public services, the structural fiscal deficit, or low industrial productivity.
🇻🇪 The BCV Dollar is located in US$ Bs.784,66 ⏫️ USDT 921 Bs. Exchange Rate Gap USDT/BCV 17,3% 🔻#Bitcoin US$78.000 ⏫️🔥🚀 #Ethereum US$2.500 ⏫️ #BNB US$680 ⏫️. $ experiences an increase of 4,71 Bs. #venezuela
Months of sideways and bearish market didn’t break us. With discipline, focus, and consistency, we held the HOLD and stayed firm. We don’t trust politicians; we trust mathematics. $BTC $BNB
💥 🇻🇪 The American economist and university professor Steve Hanke drafted a bill for dollarization, so that in Venezuela the bolívar is no longer used and the currency in use is the dollar. #venezuela
🔥 #Bitcoin❗ surpassed USD 78,000 and some analysts are already talking about the end of the bearish market. However, the war conflict in Iran is still ongoing and has the potential to affect financial markets. $BTC