Bitcoin surged in the first week of 2020, earning the attention of the world.
Although it took a brief "dive," the price of one bitcoin is now back up to about $34,719.
Some people think bitcoin is a "bubble", while others think it's worth holding for the long term. Either way, the unpredictable nature of bitcoin is that there is no traditional measure, and no one can say for sure whether it is overvalued or undervalued right now.
Image source: Internet
It is precisely this uncertainty that allows people or countries to "throw in the towel" - such as Venezuela, which is in the midst of a crisis.
On a day just past the end of 2020, a ribbon-cutting ceremony was held at a military base outside of Caracas, Venezuela. Several officers used scissors to cut a blue ribbon tied with balloons.
They then walked into a bunker on the base.
The bunker, not some military training base, but a newly opened bitcoin mining facility, also housed not ammunition and weapons, but a computer.