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hyperinflation
Hyperinflation is an extremely rapid and out-of-control rise in the general price level of goods and services in an economy, usually exceeding 50% per month. It erodes the real value of money, undermines confidence in the currency, and often results from excessive money supply growth, loss of fiscal control, or severe economic and political instability.
Hyperinflation in Venezuela Drives Massive Shift Toward Cryptocurrency
Venezuela’s economic turmoil is accelerating the nation’s shift toward digital assets. With inflation soaring to 270% in October, cryptocurrencies and stablecoins are becoming lifelines for citizens and businesses alike...
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