Your point captures why many Venezuelans have turned to crypto (especially Bitcoin and stablecoins) as a real‑world coping mechanism — but let’s ground it in the actual economic context instead of a hyperbolic percentage.

🇻🇪 Economic Collapse & Currency Breakdown

Venezuela’s economy has endured extreme currency depreciation and hyperinflation for years:

Inflation rates peaked in the hundreds of thousands and even into millions of percent in the late 2010s, making the bolívar practically worthless as a store of value. Official inflation figures included 130,060% in 2018 and 9,586% in 2019.

By 2025, inflation remained extremely high (annualized in the hundreds of percent), and the bolívar continues to lose purchasing power against stronger currencies like the US dollar.

So while the “99.9999999998%” number isn’t a formal statistic, it symbolizes how extremely the bolívar has collapsed — to the point that even basic goods have become very expensive relative to local wages.

💸 Why People Are Forced to Seek Alternatives

Because of this collapse in trust and value of the bolívar:

Venezuelans increasingly use stablecoins (like USDT) and Bitcoin to protect savings and conduct transactions instead of holding worthless local currency.

Chainalysis and other reports note Venezuela as one of the global leaders in crypto adoption driven by necessity, not speculation.

Businesses — from small shops to larger retailers — are accepting crypto payments, and some even pay wages in stablecoins to preserve purchasing power.

This is important: adoption here isn’t about trading, it’s about survival and value preservation in daily life.

💡 Does Venezuela “need Bitcoin”?

Many Venezuelans do see Bitcoin and stablecoins as a safer alternative to a failing fiat currency — not for speculative gains, but as a store of value and a medium of exchange when the local money collapses.