Here in Venezuela, inflation the first four months of the year was "only" 86%, years ago when US CPI was published I used to think the value was monthly not yearly haha. Bad economic management speeded up the crypto usage here.

Hi guys,

I have do to the math, but even buying BTC at ATH you would have better performance than keeping the Bolivares.

Numbers are:

• January: 42%
• February: 19%
• March: 6% (Lowest since March 2022)
• April: 4%

These last numbers are like a relief, anything under 10% is considered good and a success.

Between 2016 and 2019, inflation rate was 57,798,500%.

I REPEAT 57 millions per cent in 3 years! In that time the usage of ANYTHING besides Bolivares was ILLEGAL (even for big companies), if the the police found you with 10 USD you will get bad time that was when crypto started being an option for some people like me (no USD bank accounts here), even with USDT! Years ago government had to loose that restriction and now USD, EUR, Colombian Peso and Brazilian Real circulate in the streets.

Since 2018 they removed 11 zeroes from the currency by law.

Monthly minimum wage is around 5 USD (But now the government added some bonuses that are around 60 USD monthly), average wage is around 120 USD monthly and some prices are higher than NY. Only 10% of the population has an income over 350 USD monthly.

Living here is really hard.

(Keep an eye in Argentina, they are heading the same way)

https://efectococuyo-com.translate.goog/economia/venezuela-acumula-una-inflacion-del-867-dice-el-bcv/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp

https://venezuelaaldia-com.translate.goog/2019/05/28/banco-central-venezuela-hiperinflacion-2016/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=es&_x_tr_pto=wapp