The number of Venezuelan bitcoin users has doubled and the trading volumes of Venezuelan bitcoin exchanges have increased substantially since 2014. A spokesman of bitcoin Venezuela told Panampost: “The price [of bitcoin] never fluctuates at the same rate as the devaluation of the bolívar, which lost 60 percent of its value in one month.” The country’s largest bitcoin advocacy organization stated that a significantly large portion of bitcoin buyers hold the digital currency, and they are not worried about its volatility. Instead, some are very optimistic on the value of bitcoin, and they are hoping to see a short-term increase …