What is Venezuela’s Petro? It’s socialism to bitcoin’s rescue

RAMIN MAZAHERI—Venezuela, shut out from the bond market due to immoral American sanctions and international compliance with the blockade, will have a way to raise funds…and thus stop starving. Not quite as important as avoiding starvation – which the ancient Greeks called the cruelest death – Venezuela could potentially wind up with 5% of the world’s supply of Ethereum: that’s not just the best long-term investment currently available, probably, but they would help secure the overall crypto market by becoming one of the most powerful controllers of Ethereum’s price.