The 56-year-old emphasized that the cryptocurrency could play a crucial role in the country\u2019s recovery, not only as a tool to escape hyperinflation but also as a safeguard for wealth as the country rebuilds from years of economic devastation.<\/p>\n\n
<\/div>\n
She criticized the financial policies of both Ch\u00e1vez and Maduro, \u201cThis financial repression, rooted in state-sponsored looting, theft, and unchecked money printing, crippled our economy despite our oil wealth,\u201d she said.<\/p>\n
The politician pointed out that many citizens have turned to Bitcoin as a means to shield themselves from the country\u2019s volatile currency and government-controlled exchange rates.\u00a0She said that using the cryptocurrency has allowed citizens to protect their wealth and, in some cases, finance their escape from the country.<\/p>\n
\u201cBitcoin bypasses government-imposed exchange rates and helps many of our people\u2026 It has evolved from a humanitarian tool to a vital means of resistance,\u201d she stated.<\/p>\n
The opposition leader believes adopting it as a domestic reserve asset could help the South American country recover its stolen wealth and support its poorest citizens.<\/p>\n
\u201cWe envision Bitcoin as part of our national reserves, helping rebuild what the dictatorship stole,\u201d she said.<\/p>\n
Rebuilding a New Venezuela<\/h2>\n
Machado also highlighted the people\u2019s resolve to restore democracy, acknowledging their long-standing efforts in challenging the regime.<\/p>\n
She spoke on the use of technology as a tool to secure financial independence and aid in rebuilding a liberated country, emphasizing that Bitcoin donations and assets would be protected from government seizure, making it a crucial part of her strategy for a peaceful transition away from dictatorship.<\/p>\n
The former deputy of the National Assembly of Venezuela pointed out that her country\u2019s currency has drastically lost value, with inflation soaring to 1.7 million percent and causing essential prices to double almost every two days.\u00a0Since 2016, inflation has surpassed 8 million percent, prompting millions to flee for stability.<\/p>\n
Looking toward the future, she envisions Bitcoin playing a central role in her nation\u2019s recovery, ensuring transparency, property rights, and economic freedom.<\/p>\n
The post Venezuelan Opposition Leader Proposes Bitcoin as National Reserve Asset<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Mar\u00eda Corina Machado, a leading figure in Venezuela\u2019s opposition, has proposed a plan to adopt Bitcoin (BTC) as a national reserve asset. In an interview with Alex Gladstein from the Human Rights Foundation on Thursday, she called the cryptocurrency a \u201clifeline\u201d and a \u201cvital means of resistance\u201d against the country\u2019s economic collapse. Bitcoin as a […]<\/p>\n","protected":false},"author":0,"featured_media":4329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/4328"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4328"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/4328\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/4329"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}