{"id":136833,"date":"2024-09-06T10:30:05","date_gmt":"2024-09-06T07:30:05","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136833"},"modified":"2024-09-06T00:25:26","modified_gmt":"2024-09-05T21:25:26","slug":"another-country-is-thinking-of-adding-bitcoin-as-a-reserve","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/another-country-is-thinking-of-adding-bitcoin-as-a-reserve\/","title":{"rendered":"Another Country is Thinking of Adding Bitcoin as a Reserve"},"content":{"rendered":"<p>This proposal echoes former US President Donald Trump\u2019s recent suggestion of a national <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>reserve.<\/p>\n<p>In a discussion with Alex Gladstein from the Human Rights Foundation, Machado outlined how Bitcoin could be pivotal in addressing Venezuela\u2019s deepening economic woes. She criticized the financial policies of former President Hugo Ch\u00e1vez and current President Nicol\u00e1s Maduro, which she claims have led to the catastrophic devaluation of the Bol\u00edvar.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">It was an honor to interview <a href=\"https:\/\/twitter.com\/MariaCorinaYA?ref_src=twsrc%5Etfw\">@MariaCorinaYA<\/a> about such an important topic<\/p>\n<p>The Ch\u00e1vistas completely destroyed Venezuela&#8217;s monetary system<\/p>\n<p>Here she talks about how Bitcoin has been a tool of liberation and how, in the future, the country will rebuild its reserves with BTC \ud83c\uddfb\ud83c\uddea <a href=\"https:\/\/t.co\/SetvqE7lTp\">https:\/\/t.co\/SetvqE7lTp<\/a><\/p>\n<p>\u2014 Alex Gladstein \ud83c\udf0b \u26a1 (@gladstein) <a href=\"https:\/\/twitter.com\/gladstein\/status\/1831735244598472757?ref_src=twsrc%5Etfw\">September 5, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Machado noted that Venezuela&#8217;s currency has significantly depreciated, with inflation skyrocketing to 1.7 million percent, causing prices for essentials to double nearly every two days. Since 2016, inflation has exceeded 8 million percent, driving millions to leave the country in search of stability.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/telegram-ceo-durov-speaks-out-after-shocking-arrest-in-france\/\" title=\"BREAKING: Telegram CEO Durov Speaks Out After Shocking Arrest in France\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/05\/pavel-durov-telegram-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">BREAKING: Telegram CEO Durov Speaks Out After Shocking Arrest in France<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Machado highlighted how many Venezuelans are using Bitcoin to protect their assets amid hyperinflation. She views Bitcoin as essential for rebuilding Venezuela\u2019s economy and supporting its poorest citizens. Furthermore, she believes Bitcoin donations are protected from government seizure, making the cryptocurrency a key part of her strategy for a peaceful transition.<\/p>\n<p>While her proposal bears some resemblance to Trump\u2019s idea of a national Bitcoin reserve to manage US debt, Machado\u2019s plan is independently motivated by Venezuela\u2019s unique economic challenges.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday, Mar\u00eda Corina Machado, a prominent Venezuelan opposition figure, revealed her plan to adopt Bitcoin as a national reserve asset.<\/p>\n","protected":false},"author":3,"featured_media":2370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-136833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Another Country is Thinking of Adding Bitcoin as a Reserve<\/title>\n<meta name=\"description\" content=\"On Thursday, Mar\u00eda Corina Machado, a prominent Venezuelan opposition figure, revealed her plan to adopt Bitcoin as a national reserve asset.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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