María Corina Machado, a Venezuelan opposition leader, has proposed the use of bitcoin as a reserve asset for Venezuela. This idea arises in the context of an economic crisis, rampant inflation, and the devaluation of the bolívar. In a conversation with Alex Gladstein, a human rights activist and advocate for bitcoin, Machado explained how Venezuela’s economic collapse has destroyed wages and forced the population to seek alternatives. Among these, Bitcoin stands out for its ability to offer an escape from hyperinflation and financial censorship.

Venezuela’s Economic Situation and Bitcoin as a Solution

Venezuela has experienced one of the worst economic crises in its recent history. Despite being one of the countries with the largest oil reserves, poor economic management and the misguided policies of Nicolás Maduro’s government have led the country into hyperinflation since 2016. In this scenario, Venezuelans have seen their currency, the bolívar, lose value rapidly, making wages insufficient to cover basic needs.

Machado pointed out that Bitcoin could be a viable solution, not only as a reserve asset but also as a tool of resistance. Since it is not controlled by any government, Bitcoin provides an alternative for citizens to protect their savings from inflation and avoid the confiscation of their wealth. According to Machado, the cryptocurrency represents “the money of freedom” because it cannot be censored or controlled by the regime.

The Implementation of Bitcoin and Venezuela’s Future

In the context of the upcoming elections and with a growing organized opposition, the adoption of Bitcoin is emerging as a strategic option to strengthen the Venezuelan economy and restore the country’s financial sovereignty. Machado emphasized the importance of this digital asset in the fight for freedom and Venezuela’s reconstruction, stressing that political change must be accompanied by solid economic transformation. The opposition leader sees Bitcoin as a tool to resist the regime’s financial restrictions and a fundamental pillar in the transition to a more stable and just economy.

Conclusion

María Corina Machado’s proposal to use Bitcoin as a reserve asset for Venezuela presents a bold alternative to the country’s economic collapse. In a context of hyperinflation and bolívar devaluation, Bitcoin offers a way to preserve value and resist the pressures of the regime. While the implementation of this cryptocurrency as part of Venezuela’s economic policy has yet to be defined, its potential to provide financial freedom and stability is undeniable, positioning it as a key option for the country’s future