Crypto Becomes Venezuela's Lifeline Amid Hyperinflation and Bolívar Collapse
Venezuela turned to cryptocurrencies in 2025 after the government abandoned its defence of the bolívar in October, with the national currency losing more than 70% of its value and inflation reaching 229% by May 2025 according to the Venezuelan Finance Observatory (OVF). The Chainalysis 2024 Crypto Adoption Index ranked Venezuela
