<\/a><\/p><\/div>\nMachado noted that under Ch\u00e1vez and Maduro, the bol\u00edvar has lost 14 zeros, with inflation skyrocketing to 1.7 million percent in 2018. She described the economic destruction, stating, \u201cThis financial repression rooted in state-sponsored looting, theft, and unchecked money printing\u201d crippled the economy despite Venezuela’s vast oil wealth.<\/p>\n
During the interview, Gladstein emphasized how some Venezuelans turned to Bitcoin as a way to escape hyperinflation, protect their wealth, and fund their escape from the country. Machado echoed this, calling Bitcoin a “lifeline” for Venezuelans, a way to bypass government-controlled exchange rates. She proposed including Bitcoin in Venezuela\u2019s future national reserves as the country seeks to recover its stolen wealth and rebuild from the dictatorship.<\/p>\n
\u201cBitcoin bypasses government-imposed exchange rates and helps many of our people… It has evolved from a humanitarian tool to a vital means of resistance,\u201d Machado stated.<\/p>\n
Machado also spoke of the Venezuelan people\u2019s determination to reclaim democracy, noting their historic efforts in confronting the regime. She hailed the use of technology like Bitcoin to ensure financial autonomy and help rebuild a new, free Venezuela.<\/p>\n
Looking to the future, she envisions Bitcoin playing a key role in ensuring transparency, property rights, and economic freedom as part of Venezuela\u2019s recovery plan, stating, \u201cWe envision Bitcoin as part of our national reserves, helping rebuild what the dictatorship stole.\u201d<\/p>\n
Those interested in supporting\u00a0the\u00a0Venezuelan opposition party’s\u00a0efforts for a peaceful transition and the recognition of their victory\u00a0can do so via the HRF\u00a0here<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"In an exclusive interview with Alex Gladstein, Chief Strategy Officer of the Human Rights Foundation\u00a0(HRF), Venezuelan opposition leader\u00a0Mar\u00eda\u00a0Corina Machado discussed Bitcoin\u2019s vital role in combating Venezuela\u2019s economic collapse and authoritarianism. The interview, first published on Bitcoin Magazine, highlights the catastrophic impact of hyperinflation caused by the Ch\u00e1vez and Maduro regimes, which have devastated the Venezuelan […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27797","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/27797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=27797"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/27797\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=27797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=27797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=27797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}