Venezuelan Economist Details How Bitcoin Saved His Family

March 7, 2019
Updated 9d ago
Times are tough in Venezuela as the country is currently in its fifth year of a recession. In 2018, the economy contracted 18 percent and the annual inflation rate at the end of the year was 80,000 percent. The answer to skirt the financial crisis for many in Venezuela has been cryptocurrency. Venezuelan economist Carlos Hernandez joined Cheddar to discuss how Bitcoin helped him survive the turbulent economic and political climate.