Venezuela's local currency hit a fresh low to close out the year—the bolivar weakened to 301 per dollar, marking an 83% depreciation over the past twelve months. The relentless devaluation reflects ongoing economic pressures and currency instability in the region. When traditional fiat systems face this level of erosion, it often drives growing interest in alternative store-of-value assets, including digital currencies and decentralized finance solutions.
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AirdropHuntress
· 11h ago
83% devaluation... Data shows that the Venezuelan Bolivar has completely spiraled out of control. Such a level of fiat collapse is often a sign of an explosion in the dapp ecosystem, worth strategic positioning.
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ImpermanentTherapist
· 11h ago
An 83% plunge... Venezuela's approach is truly remarkable, a textbook case of fiat currency death
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ForkItAll
· 11h ago
Venezuela has devalued again and again, this time by 83%... Traditional fiat currencies are like that, going back to the pre-liberation era overnight.
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Deconstructionist
· 11h ago
This wave in Venezuela is truly amazing, a real death scene for fiat.
Venezuela's local currency hit a fresh low to close out the year—the bolivar weakened to 301 per dollar, marking an 83% depreciation over the past twelve months. The relentless devaluation reflects ongoing economic pressures and currency instability in the region. When traditional fiat systems face this level of erosion, it often drives growing interest in alternative store-of-value assets, including digital currencies and decentralized finance solutions.