{"id":372519,"date":"2019-02-25T00:00:59","date_gmt":"2019-02-25T00:00:59","guid":{"rendered":"https:\/\/wncen.com\/?p=372519"},"modified":"2024-06-11T07:44:53","modified_gmt":"2024-06-11T07:44:53","slug":"bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/","title":{"rendered":"Bitcoin Is A Hedge Against Bolivar-Induced Financial Suicide, Claims Venezuelan Economist"},"content":{"rendered":"

Since Venezuela entered its current crisis, Bitcoin (BTC) and cryptocurrencies become a popular subject in the nation. Carlos Hern\u00e1ndez, an economist in the strife-filled Latin American nation, recently issued a New York Times op-ed<\/a> to discuss the matter, elaborating on why the flagship crypto can be a proper hedge against the hyper-inflating bolivar.<\/p>\n

Related Reading:\u00a0Naval: Killer App of Crypto is Socialism, Venezuela is a Prime Example<\/a><\/h6>\n

Holding Bolivars Is Financial Suicide<\/h2>\n

In the piece, Hern\u00e1ndez told his story, proudly claiming that he doesn’t own bolivars. Rather, he keeps all his net worth stashed away in Bitcoin, as keeping it in the local currency, projected to inflate by 3.5% daily (~1,000,000% yearly), would be “financial suicide.” Responding to those who question why he doesn’t utilize U.S. dollars, Hern\u00e1ndez claimed that with Venezuela’s currency and capital controls, it is a near impossibility\u00a0for him to secure a foreign bank account.<\/p>\n

But, it isn’t that cut and dried, per the economist. Hern\u00e1ndez claims that before he can purchase what he (and presumably his family) needs, he needs to convert his BTC to bolivars, through LocalBitcoins.com to be exact. The process is simple: he sends BTC into escrow, receives a bolivar-denominated wire transfer, and runs to the store ASAP to secure foodstuffs. The whole process purportedly takes ten minutes. Not bad.<\/p>\n

This simple system has purportedly saved his whole family, as he alone covers his family’s expenses, as his brethren make little-to-zero income on their own. His brother tried to make it big, escaping Venezuela with stars in his eyes and the backing of his family. But even after he managed to make it out… alive, the brother, Juan, couldn’t secure a decent job in neighboring\u00a0Colombia. Thus,\u00a0Carlos decided he had to bring his brother back, sending him Bitcoin to escape into<\/em> the nation embroiled in financial and political turmoil. And since then,\u00a0Hern\u00e1ndez has done his utmost to keep his family afloat.<\/p>\n

\"\"<\/p>\n

While Venezuelans\u00a0evidently have a natural propensity to hold BTC over bolivars, some are convinced that the flagship digital currency could be a hedge against all currencies, even one as ‘trusted’ as the U.S. dollar or the British pound. Travis Kling, the chief investment officer and founder of the Los Angeles-based Ikigai, recently remarked<\/a> that\u00a0Bitcoin is much like a credit default swap (CDS) against central banks\u2019 enamorment with printing money.<\/p>\n

The Ikigai head, who made a sudden U-turn at the peak of 2017\u2019s crypto boom, as he downed a red pill to foray into cryptocurrencies, added that he\u2019s wary of the build-up of debt on government balance sheets. Kling even stated that the monumental rise of enlisted quantitative easing (QE) strategies is \u201chow you would write the script\u201d for the adoption of cryptocurrencies, especially ones that are fully decentralized, the world over.<\/p>\n

Bitcoin Matters For Freedom<\/strong><\/h2>\n

Hern\u00e1ndez’s recent pledge of allegiance\u00a0to the Bitcoin cause comes after Alex Gladstein, the chief strategy officer of the Human Rights Foundation, took to Time Magazine to laud the cryptocurrency.<\/p>\n

\"\"<\/p>\n

Per previous reports<\/a> from NewsBTC, Gladstein wrote that:<\/p>\n

“For people living under authoritarian governments, Bitcoin can be a valuable financial tool as a censorship-resistant medium of exchange.”<\/p><\/blockquote>\n

Case in point, he drew attention to the role that Bitcoin can play in remittances, noting that Venezuelans can mitigate the jaw-dropping ~56% fees that financial institutions operating in the nation charge, while also shaving days, if not weeks of transaction times. This is far from Bitcoin\u2019s limit, however, as the world\u2019s most secured transaction settlement layer will become even more valuable, especially with the Lightning Network<\/a> and protocols of similar caliber.<\/p>\n

Featured Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"
Since Venezuela entered its current crisis, Bitcoin (BTC) and cryptocurrencies become a popular subject in the nation. Carlos Hern\u00e1ndez, an economist in the strife-filled Latin American nation, recently issued a New York Times op-ed to discuss the matter, elaborating on why the flagship crypto can be a proper hedge against the hyper-inflating bolivar. Related Reading:\u00a0Naval: Killer App of Crypto is Socialism, Venezuela is a Prime Example Holding Bolivars Is Financial Suicide In the piece, Hern\u00e1ndez told his story, proudly claiming that he doesn’t own bolivars. Rather, he keeps all his net worth stashed away in Bitcoin, as keeping it in the local currency, projected to inflate by 3.5% daily (~1,000,000% yearly), would be “financial suicide.” Responding to those who question why he doesn’t utilize U.S. dollars, Hern\u00e1ndez claimed that with Venezuela’s currency and capital controls, it is a near impossibility\u00a0for him to secure a foreign bank account. But, it isn’t that cut and dried, per the economist. Hern\u00e1ndez claims that before he can purchase what he (and presumably his family) needs, he needs to convert his BTC to bolivars, through LocalBitcoins.com to be exact. The process is simple: he sends BTC into escrow, receives a bolivar-denominated wire transfer, and runs to the store ASAP to secure foodstuffs. The whole process purportedly takes ten minutes. Not bad. This simple system has purportedly saved his whole family, as he alone covers his family’s expenses, as his brethren make little-to-zero income on their own. His brother tried to make it big, escaping Venezuela with stars in his eyes and the backing of his family. But even after he managed to make it out… alive, the brother, Juan, couldn’t secure a decent job in neighboring\u00a0Colombia. Thus,\u00a0Carlos decided he had to bring his brother back, sending him Bitcoin to escape into the nation embroiled in financial and political turmoil. And since then,\u00a0Hern\u00e1ndez has done his utmost to keep his family afloat. While Venezuelans\u00a0evidently have a natural propensity to hold BTC over bolivars, some are convinced that the flagship digital currency could be a hedge against all currencies, even one as ‘trusted’ as the U.S. dollar or the British pound. Travis Kling, the chief investment officer and founder of the Los Angeles-based Ikigai, recently remarked that\u00a0Bitcoin is much like a credit default swap (CDS) against central banks\u2019 enamorment with printing money. The Ikigai head, who made a sudden U-turn at the peak of 2017\u2019s crypto boom, as he downed a red pill to foray into cryptocurrencies, added that he\u2019s wary of the build-up of debt on government balance sheets. Kling even stated that the monumental rise of enlisted quantitative easing (QE) strategies is \u201chow you would write the script\u201d for the adoption of cryptocurrencies, especially ones that are fully decentralized, the world over. Bitcoin Matters For Freedom Hern\u00e1ndez’s recent pledge of allegiance\u00a0to the Bitcoin cause comes after Alex Gladstein, the chief strategy officer of the Human Rights Foundation, took to Time Magazine to laud the cryptocurrency. Per previous reports from NewsBTC, Gladstein wrote that: “For people living under authoritarian governments, Bitcoin can be a valuable financial tool as a censorship-resistant medium of exchange.” Case in point, he drew attention to the role that Bitcoin can play in remittances, noting that Venezuelans can mitigate the jaw-dropping ~56% fees that financial institutions operating in the nation charge, while also shaving days, if not weeks of transaction times. This is far from Bitcoin\u2019s limit, however, as the world\u2019s most secured transaction settlement layer will become even more valuable, especially with the Lightning Network and protocols of similar caliber. Featured Image from Shutterstock<\/p>\n","protected":false},"author":497,"featured_media":372526,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,6664,8258],"class_list":["post-372519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto","tag-venezuela"],"acf":[],"yoast_head":"\nBitcoin Is A Hedge Against Bolivar-Induced Financial Suicide, Claims Venezuelan Economist<\/title>\n<meta name=\"description\" content=\"Carlos Hernandez, a Venezuelan economist, took to the NY Times to claim that Bitcoin is a hedge against bolivar-induced financial suicide.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Is A Hedge Against Bolivar-Induced Financial Suicide, Claims Venezuelan Economist\" \/>\n<meta property=\"og:description\" content=\"Carlos Hernandez, a Venezuelan economist, took to the NY Times to claim that Bitcoin is a hedge against bolivar-induced financial suicide.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-25T00:00:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:44:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/shutterstock_1311520676-e13.jpg?fit=3000%2C2000\" \/>\n\t<meta property=\"og:image:width\" content=\"3000\" \/>\n\t<meta property=\"og:image:height\" content=\"2000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nick Chong\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nick Chong\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/\"},\"author\":{\"name\":\"Nick Chong\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a\"},\"headline\":\"Bitcoin Is A Hedge Against Bolivar-Induced Financial Suicide, Claims Venezuelan Economist\",\"datePublished\":\"2019-02-25T00:00:59+00:00\",\"dateModified\":\"2024-06-11T07:44:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/\"},\"wordCount\":624,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/shutterstock_1311520676-e13.jpg?fit=3000%2C2000\",\"keywords\":[\"bitcoin\",\"crypto\",\"Venezuela\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/\",\"name\":\"Bitcoin Is A Hedge Against Bolivar-Induced Financial Suicide, Claims Venezuelan Economist\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/shutterstock_1311520676-e13.jpg?fit=3000%2C2000\",\"datePublished\":\"2019-02-25T00:00:59+00:00\",\"dateModified\":\"2024-06-11T07:44:53+00:00\",\"description\":\"Carlos Hernandez, a Venezuelan economist, took to the NY Times to claim that Bitcoin is a hedge against bolivar-induced financial suicide.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/shutterstock_1311520676-e13.jpg?fit=3000%2C2000\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/shutterstock_1311520676-e13.jpg?fit=3000%2C2000\",\"width\":3000,\"height\":2000},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Is A Hedge Against Bolivar-Induced Financial Suicide, Claims Venezuelan Economist\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a\",\"name\":\"Nick Chong\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g\",\"caption\":\"Nick Chong\"},\"description\":\"I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.\",\"url\":\"https:\/\/wncen.com\/author\/nickchong\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Is A Hedge Against Bolivar-Induced Financial Suicide, Claims Venezuelan Economist","description":"Carlos Hernandez, a Venezuelan economist, took to the NY Times to claim that Bitcoin is a hedge against bolivar-induced financial suicide.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Is A Hedge Against Bolivar-Induced Financial Suicide, Claims Venezuelan Economist","og_description":"Carlos Hernandez, a Venezuelan economist, took to the NY Times to claim that Bitcoin is a hedge against bolivar-induced financial suicide.","og_url":"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2019-02-25T00:00:59+00:00","article_modified_time":"2024-06-11T07:44:53+00:00","og_image":[{"width":3000,"height":2000,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/shutterstock_1311520676-e13.jpg?fit=3000%2C2000","type":"image\/jpeg"}],"author":"Nick Chong","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Nick Chong","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/"},"author":{"name":"Nick Chong","@id":"https:\/\/wncen.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a"},"headline":"Bitcoin Is A Hedge Against Bolivar-Induced Financial Suicide, Claims Venezuelan Economist","datePublished":"2019-02-25T00:00:59+00:00","dateModified":"2024-06-11T07:44:53+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/"},"wordCount":624,"commentCount":0,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/shutterstock_1311520676-e13.jpg?fit=3000%2C2000","keywords":["bitcoin","crypto","Venezuela"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/","url":"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/","name":"Bitcoin Is A Hedge Against Bolivar-Induced Financial Suicide, Claims Venezuelan Economist","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/shutterstock_1311520676-e13.jpg?fit=3000%2C2000","datePublished":"2019-02-25T00:00:59+00:00","dateModified":"2024-06-11T07:44:53+00:00","description":"Carlos Hernandez, a Venezuelan economist, took to the NY Times to claim that Bitcoin is a hedge against bolivar-induced financial suicide.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/shutterstock_1311520676-e13.jpg?fit=3000%2C2000","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/shutterstock_1311520676-e13.jpg?fit=3000%2C2000","width":3000,"height":2000},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Is A Hedge Against Bolivar-Induced Financial Suicide, Claims Venezuelan Economist"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a","name":"Nick Chong","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g","caption":"Nick Chong"},"description":"I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.","url":"https:\/\/wncen.com\/author\/nickchong\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Is A Hedge Against Bolivar-Induced Financial Suicide, Claims Venezuelan Economist","url":"http:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/shutterstock_1311520676-e13.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/shutterstock_1311520676-e13.jpg?fit=3000%2C2000"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Nick Chong"}],"creator":["Nick Chong"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","crypto","venezuela"],"dateCreated":"2019-02-25T00:00:59Z","datePublished":"2019-02-25T00:00:59Z","dateModified":"2024-06-11T07:44:53Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Is A Hedge Against Bolivar-Induced Financial Suicide, Claims Venezuelan Economist\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-hedge-bolivar-financial-suicide-venezuelan-economist\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/02\\\/shutterstock_1311520676-e13.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/02\\\/shutterstock_1311520676-e13.jpg?fit=3000%2C2000\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Nick Chong\"}],\"creator\":[\"Nick Chong\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"crypto\",\"venezuela\"],\"dateCreated\":\"2019-02-25T00:00:59Z\",\"datePublished\":\"2019-02-25T00:00:59Z\",\"dateModified\":\"2024-06-11T07:44:53Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/shutterstock_1311520676-e13.jpg?fit=3000%2C2000","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/372519"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/497"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=372519"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/372519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/372526"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=372519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=372519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=372519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}