Nothing new this week, the volume keeps being constant. 32 BTC were traded last week in Venezuela only measured using LocalBitcoins. Monthly minimum wage now around 12 USD.

Hi there I also like to share this here as always:

Hello there, as you probably know I'm Venezuelan living here. Have been keeping the stats of crypto (mostly Bitcoin) for several years.

Last weeks for months the weekly volumen has hovered between 30 and 35 BTC weekly, not that high but steady, years ago it was way higher than that (like 2k monthly).

Why? New exchanges like Binance, AirTM, Reserve among others. Sadly these don't have public stats.

As I always say, yes that is the MONTHLY minimum wage. Around 12 USD (down from 13 USD last week). If street exchange rate is used it is around 10 USD. You need like 10 times that just to barely live.

People use crypto to get rid of Bolivares, exchange mining profit (as electricty is kinda free), receive remittances from relatives abroad and things like that.

Any question please AMA

Sources:

https://www.reuters.com/technology/venezuelas-economy-regresses-crypto-fills-gaps-2021-06-22/

https://en.wikipedia.org/wiki/Hyperinflation_in_Venezuela

https://coin.dance/volume/localbitcoins/VED/BTC

https://coin.dance/volume/localbitcoins/VED

https://www.caracaschronicles.com/2020/10/23/you-need-285-minimum-wages-in-venezuela-to-feed-your-family/

https://www.caracaschronicles.com/2022/04/21/is-venezuela-doing-better/

https://www.caracaschronicles.com/2022/04/20/the-bizarre-figures-of-venezuelas-economic-recovery/

https://localbitcoins.com/country/VE

https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/