Venezuela's Embrace of Cryptocurrency
Venezuela is in dire economic straits. The brutal collapse of the country’s economy has led to rising crime and a scarcity of basic resources – including food and medicine – for its citizens.
The South American nation holds the largest reserves of crude oil in the world and was once awash with cash, but severe income inequality, corruption, increased oil supply from elsewhere around the globe, and international sanctions have minted a political crisis of epic proportions for President Nicolás Maduro and his administration. Amid the crisis, the country’s currency (called the bolívar) has been devalued to the point that inflation is in the quintuple digits.
Such hyperinflation has been a part of life for Venezuelans since 2014, leading its citizens to search for a viable means of exchange. The International Accounting Standards Board defines hyperinflation as a state in which "the general population prefers to keep its wealth in non-monetary assets or in a relatively stable foreign currency,” but sanctions have left Venezuelans unable to obtain foreign currencies, including US dollars.
Enter cryptocurrency. Bitcoin, Dash, and other digital currencies offer significantly more reliable stores of value and mediums of exchange than the bolívar; they also provide a way around the control mechanisms of Maduro’s authoritarian government. The relative volatility of cryptocurrency is “still safer than the national currency,” a Venezuelan bitcoin trader told Reuters.
Inflation has kept the cryptocurrency-buying rate high, and trade volumes have remained robust as Venezuelans search for alternate means of exchange. Somewhat uniquely, Venezuelans have adopted altcoins at higher rates than elsewhere in the world, with Dash leading the way. Dash was introduced to the Caracas-based Cryptobuyer exchange in August 2016 and has been embraced to the point that Dash Core Group announced in August that Venezuela was the altcoin’s second-biggest market (after the United States).
While specific volume data for the country is difficult to come by, making it difficult to gauge Dash’s popularity relative to Bitcoin, the enthusiasm with which Dash has been adopted has been undeniable. Dash has been able to parlay tangible transaction fee- and confirmation time-advantages to the point that they claim (without providing comparative data) to be the preferred coin among Venezuelan merchants. 800 merchants in Venezuela accept the cryptocurrency, which is prized for usefulness in live and microtransactions. Dash Core Group has also made a concerted effort to drive Dash adoption throughout the country, raising awareness and running educational conferences.
As Venezuela’s political situation devolves, Bitcoin and Dash evangelists will continue to drive growth in an advantageous climate. Wider adoption across class lines appears likely, and with no end in sight for the capital controls driving hyperinflation, the country is set to continue developing a blueprint for nations in similar crises – crypto-driven solutions that provide citizens with a measure of hope in bleak economic times.
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Aroon Indicator for BTC.X shows an upward move is likely
BTC.X's Aroon Indicator triggered a bullish signal on September 25, 2025. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 422 similar instances where the Aroon Indicator showed a similar pattern. In of the 422 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 80 cases where BTC.X's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on October 25, 2025. You may want to consider a long position or call options on BTC.X as a result. In of 139 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BTC.X advanced for three days, in of 435 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for BTC.X moved out of overbought territory on October 07, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 54 similar instances where the indicator moved out of overbought territory. In of the 54 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for BTC.X turned negative on October 10, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 65 similar instances when the indicator turned negative. In of the 65 cases the stock turned lower in the days that followed. This puts the odds of success at .
BTC.X moved below its 50-day moving average on October 14, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for BTC.X crossed bearishly below the 50-day moving average on October 17, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BTC.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BTC.X broke above its upper Bollinger Band on October 02, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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