Bank’s Refusal to Release $1.2B of Venezuelan Gold Strengthens the Case for Bitcoin

Venezuela’s economic crisis is impossible to ignore. President Nicolás Maduro’s attempt to withdraw $1.2 billion of the country’s own gold from the Bank of England (BoE) has been rejected. The notion of a sovereign state being denied access to its own wealth is a concept that’s hard for bitcoiners to countenance. One thing is certain: the case for storing wealth in censorship-resistant cryptocurrency is becoming stronger.

Also Read: Venezuelan President Raises Petro’s Value Again in Bid to Create ‘New System’

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