• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Potential of Venezuela as a Bitcoin Mining Hub and the Influence of Pro-Bitcoin Policies in Latin America

user avatar

by Giorgi Kostiuk

a year ago


Potential of Venezuela as a Bitcoin Mining Hub

Mauricio Di Bartolomeo, one of the co-founders of Ledn, envisions a significant opportunity for Venezuela to emerge as a prominent Bitcoin mining center with the introduction of new leadership. He underlines the increasing impact of pro-Bitcoin strategies in Latin America, exemplifying leaders like Bukele in El Salvador and Milei in Argentina as models demonstrating the positive effects of such approaches on economies.

Di Bartolomeo emphasizes the populace's preference for candidates who support Bitcoin as a resilient financial option. He suggests that this preference is a result of the success seen with policies endorsing Bitcoin in countries like El Salvador and Argentina.

Emphasis on Bitcoin Adoption in Electoral Cycles

He anticipates that the upcoming electoral cycle in the region will heavily prioritize discussions on Bitcoin adoption and enhancements to the monetary system. The implementation of security measures and the incorporation of Bitcoin as legal tender in El Salvador by President Bukele have significantly increased domestic interest and bolstered the tourism sector.

Di Bartolomeo speculates that Venezuela could potentially follow El Salvador's lead. Under the current governance of Maduro, Bitcoin mining is prohibited; however, with a shift in leadership, there is a possibility of overturning this ban. He believes that a change in the political landscape could harness Venezuela's energy reserves to establish the nation as a hub for Bitcoin mining.

Political Shifts and Popular Opinion

Recent polls indicate a substantial discontent among the public towards existing policies, with Edmundo González, backed by María Corina Machado, leading over Maduro by a significant margin of 6 to 1. This disparity suggests a clear dissatisfaction with the current regime and its operational principles.

Transformative Impact of Bitcoin in Latin America

Di Bartolomeo concludes by highlighting that the rising interest and acceptance of Bitcoin in Latin America signify a mounting demand for a more secure and transparent financial framework. He postulates that this emerging trend has the potential to not only revolutionize Venezuela's economic landscape but also influence the entire region towards a more progressive financial future.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

LBank Secures 4th Place in Global Rankings for November 2025.

chest

LBank, a leading global cryptocurrency exchange, achieved a Top 4 global ranking in November 2025 with a 46% spot market share and significant gains on newly listed assets.

user avatarDiego Alvarez

LBank Enhances Ecosystem with Strategic Partnerships and Yield Products

chest

LBank enhances its ecosystem infrastructure through a partnership with CoinGlass and the launch of high-yield stablecoin programs, reinforcing its position in trading and wealth management.

user avatarKenji Takahashi

Analysts Warn of Bitcoin's Impact on Stock Markets

chest

Analysts express concerns that Bitcoin's correlation with traditional stock markets may pressure equities into December.

user avatarMaria Fernandez

Bitcoin Capital AG Launches BONK ETP on SIX Swiss Exchange

chest

Bitcoin Capital AG is launching a BONK exchange-traded product (ETP) on the SIX Swiss Exchange, providing regulated exposure to the memecoin BONK.

user avatarDavid Robinson

Launch of New Solana ETFs by Fidelity and Canary Capital

chest

Fidelity and Canary Capital have launched Solana spot ETFs, FSOL and SOLC, providing US investors with regulated exposure to SOL and staking-based yields.

user avatarAyman Ben Youssef

Western Union to Launch USDPT Stablecoin on Solana

chest

Western Union announces plans to launch its US dollar-backed stablecoin, USDPT, on the Solana blockchain in early 2026.

user avatarJacob Williams

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.