“As the Venezuelan economist Aarón Olmos of the Institute of Higher Administrative Studies (IESA) told Rest of World, people in Latin America began turning to crypto as a way to circumvent their unstable or stagnant economies. He said that in surveys he ran with crypto users in Venezuela, the most common response was, “I would rather have a digital asset whose price goes up and down than a currency whose only real trend is down, thanks to the political economy.””

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