How Bad Is Venezuelan Inflation? It Is Giving Bitcoin A Run For Its Crypto-money

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Just how bad is inflation in Venezuela? A computer game with infinitely spawning enemies has a better exchange rate than the Venezuelan Bolivar.

Venezuela has a staggering inflation rate. Thanks to Venezuela’s horrid fiscal and monetary policies. there are 8,493.97 Bolivars per US Dollar in the black market.

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Then we have Bitcoin, the original cryto-currency. It has gone from under $1,000 in December 2016 to $2,755 as of Friday. Bitcoin was at $13.28 on January 3, 2013.

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Of course, Bitcoin is not issued by a Central Bank like the US Dollar. And the US is experiencing low and declining inflation.

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Except for healthcare spending per capita and college tuition.

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Yes, the US is suffering from rapid rates of increases in healthcare spending per capita and college tuition/textbooks. But even they are no where near the ridiculous levels of Venezuela’s inflation rate.

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