Petro

U.S. warns investors over Venezuela's 'petro' cryptocurrency

As mentioned many times on my Quora answers way back, oil trading in Bitcoin and Bitcoin disrupting gold stores were going to be a feasible probability to move Bitcoin to near 200k. Looks like Venezuela is starting to get desperate for credit extensions since they can’t easily circumvent SWIFT.

Eventually, they might move to Bitcoin instead, since investors might not bite their petro cryptocurrency.

Esaias Tong