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Maximalist FRI JUL 17 · VENEZUELA · $1.38B/MONTH BINANCE P2P · RIVALS OIL
VENEZUELAN P2P HITS $1.38B/MONTH — BITCOIN NOW RIVALS OIL AS THE COUNTRY’S RESERVE EXPORT.
Venezuelan Bitcoin volume on the Binance P2P market now runs at approximately $1.38 billion per month — a figure that rivals the country’s official oil export revenue. The Maximalist read wastes no time on the headline number. This is the circulation test running in the wild. Venezuela has hyperinflation, capital controls, a shattered banking overlay, and a population that has already been priced out of trusting the bolívar. Into that gap, Bitcoin walks in as bearer money that clears peer-to-peer without a bank. It is not being used as an investment. It is being used as money — the property Nakamoto specified in the white paper twelve years before the treasury tier learned to price it. Pair with tomorrow’s Simply Bitcoin premiere of Hummingbird, which puts the same story on film through the El Zonte / Bitcoin Jungle circulation experiment. The Latin American frame is not theoretical. It is monthly volume rivaling the reserve export. Bitcoin is money where money was broken. That is the whole thesis in one country, one month, one number. Watch it play out on screen tomorrow at noon.
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news.bitcoin.com · jul 17 · venezuela binance p2p vs oil
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