As Maduro’s power hangs in the balance, what will happen to Venezuela’s crypto asset?

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Quick Take

  • As Venezuela’s opposition make a dash for power, the Petro coin faces an uncertain future
  • The opposition has been among the Petro’s most vocal critics
  • Meanwhile, Bitcoin uptake could continue to flourish as neutralising inflation remains a distant prospect
Venezuela’s opposition leader, Juan Guaidó, has announced himself the country’s Interim President in a bid to oust the ruling head, Nicolás Maduro, who many blame for the ongoing financial chaos in the South American nation. Maduro’s fate is yet to be decided as the world’s most powerful nations stand divided over the leadership struggle: Russia vowed to defend […]
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