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Venezuela When Government Failed Summary

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Venezuela When Government Failed Summary
The article “Venezuela: When Government Failed, Bitcoin Prevailed”, written by Lindsay Marie, the author explains how bitcoin saves most Venezuelans by using allusion and specific examples.

Marie commences the article by giving a data on Venezuela’s inflation rate, and at the same time bitcoin trading hit over 1 million. This can give the reader a better understanding of the topic of bitcoin, and how it can save million lives in Venezuela. Then the author explains what happen when Venezuela printed large amount of money, which in this case, makes all the money useless for most people. Furthermore, the author draws a comparison between Venezuela’s money and bitcoin, and state how bitcoin is better than the real money. This is important since
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