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I call bullshit.

It's a nice story, and I don't doubt that some Venezuelans benefit from bitcoin somehow. But for BTC to be considered a "lifeline" for the population would require people to actually do day-to-day transactions with it. That's not happening.

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Not really, it could also serve as an inflation hedging store of value. To which you might respond that Bitcoin is highly volatile, and you'd be correct. But it's substantially less volatile than the Bolivar.

But way, way more volatile than USD, EUR, or any currency of a neighboring country, as well as being much harder to buy anything with.

And sometimes it is difficult to aquire and hold USD.

Yep, possibly easier to obtain and/or hide, though.

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