Hyperinflation is boosting Bitcoin in this Country

There has been a surge in Bitcoin mining in Venezuela as inflation hits the economy
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There has been a surge in Bitcoin mining in Venezuela as inflation hits the economy.

Bitcoin miners can earn about $500 a month according to The Atlantic.

This income helps Venezuelans purchase basic necessities.

However, it was also reported that the country is cracking down on Bitcoin mining.

As there are no laws against it in the country, police have arrested Bitcoin miners on "spurious" charges, according to The Atlantic.

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