6 Years and $0 in Real Adoption: The Harsh Reality of Venezuela's Official Cryptocurrency.
Today, the Petro, Venezuela's official cryptocurrency, died.
It was the most ambitious blockchain experiment by a government. It lasted 6 years.
🔎 The Reality in 3 Points:
1️⃣ Full Control: It was not decentralized. The state controlled everything.
2️⃣ 0 Real Adoption: Venezuelans preferred $USD, BTC, and barter.
3️⃣ Failed Objective: It did not circumvent sanctions, nor stop hyperinflation.
💡 Key Lesson:
True financial sovereignty doesn't come from a government.
It comes from assets no one can confiscate or devalue.
People voted with their money: Bitcoin and stablecoins won.
❓ Question for the Community:
What project or cryptocurrency do you believe provides real financial freedom in Latin America?
🎯 CTA / INCENTIVE (COMMUNITY):
Comment with your country and your sovereignty cryptocurrency (e.g., "Mexico - Bitcoin").
Tomorrow, I'll highlight the 3 most interesting cases in a new thread.
$BTC $USDT
