Facebook Twitter LinkedIn RSS
    Trending
    • NITDA boss hails new “Dream Centre” at OAU as catalyst for digital-age leadership and resilience
    • New Horizons Nigeria integrates Chinese language into ICT curriculum
    • Why Africa must develop strategic AI governance tailored for local economies – Abodunrin
    • Telecom Boom: $1 billion investment drives deployment of 2,850 new sites across Nigeria
    • Data protection ecosystem worth ₦16.2b, generated ₦5.2b in compliance revenue – Dr. Olatunji
    • Ethical Entrepreneurship, Not Hype: How QNET Is Reframing Direct Selling in Nigeria Ahead of 2026
    • Why PayPal entered Nigeria’s market through Paga
    • How data centers are reshaping Africa’s power market
    Facebook Twitter LinkedIn
    ITPulse.com.ngITPulse.com.ng
    • News
    • Interviews
    • Blogs
    • Analysis
    • Opinion
    • Videos
    • Press Releases
    • Pictures
    • Advertise
    ITPulse.com.ngITPulse.com.ng
    Home»News»Bitcoin surges 6% as Venezuela crisis becomes global price catalyst
    News 2 Mins Read

    Bitcoin surges 6% as Venezuela crisis becomes global price catalyst

    mmBy ITPulseJanuary 7, 2026179 Views
    Facebook Twitter WhatsApp Pinterest LinkedIn Reddit Tumblr Email
    Bitcoin, Tech currency
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Bitcoin has rallied by 6% following the intensification of the political and financial crisis in Venezuela, pushing the world’s leading cryptocurrency back into the $92,000–$94,000 range.

    Financial experts, including Nigel Green, CEO of deVere Group, suggest that the situation in Venezuela is acting as a real-time barometer for global geopolitical risk. As Washington ramps up pressure on Caracas, investors are increasingly turning to digital assets to hedge against sanctions, capital controls, and regional instability.

    Gold was the undisputed leader of safe-haven assets for many years. However, the year 2026 is witnessing a structural shift in how investors construct their portfolios. According to deVere Group, Bitcoin is now fulfilling a similar role for a new generation of investors. Unlike gold or physical cash, Bitcoin offers portability because it can be moved across borders instantly.

    It provides censorship resistance by operating independently of any single government or central bank. Furthermore, Bitcoin offers 24/7 market liquidity, with an “always-on” structure that allows investors to react to geopolitical shocks in real time while traditional stock and bond markets are closed.

    What began as a survival tactic for Venezuelan citizens has now become a blueprint for global institutional investors.

    Venezuela continues to rank as one of the most crypto-active countries per capita. The widespread use of peer-to-peer (P2P) markets and stablecoins in the region has demonstrated that digital infrastructure can replace failing traditional systems.

    The recent price move outpaced many traditional safe-havens, signaling that digital markets are maturing. Investors are no longer viewing Bitcoin solely as a speculative gamble but as a dynamic tool for capital allocation when political uncertainty spikes.

    “Political risk is now priced not just in equities and bonds, but in digital assets as well,” says Nigel Green, CEO of deVere Group. “While traditional markets were still digesting the implications of the strikes, crypto markets were already repricing risk.”

    As sanctions regimes expand and trade relationships remain under strain throughout 2026, the demand for assets outside the reach of centralized systems is expected to grow. For many, the crisis in Venezuela isn’t just a regional issue—it’s a reminder of why decentralized finance exists.

    Bitcoin Venezuela
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    mm
    ITPulse
    • Website
    • Facebook
    • Twitter
    • LinkedIn

    ITPulse is a wholly information technology communication (ICT) news website, with a special focus on the African continent. The website provides up-to-date biz-tech news, analysis and comprehensive and thorough insight into the continent's ICT terrain

    Related Posts

    NITDA boss hails new “Dream Centre” at OAU as catalyst for digital-age leadership and resilience

    January 30, 2026

    Why Africa must develop strategic AI governance tailored for local economies – Abodunrin

    January 30, 2026

    Telecom Boom: $1 billion investment drives deployment of 2,850 new sites across Nigeria

    January 30, 2026

    Leave A Reply Cancel Reply

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Latest Posts

    NITDA boss hails new “Dream Centre” at OAU as catalyst for digital-age leadership and resilience

    January 30, 2026

    New Horizons Nigeria integrates Chinese language into ICT curriculum

    January 30, 2026

    Why Africa must develop strategic AI governance tailored for local economies – Abodunrin

    January 30, 2026
    About
    About

    Itpulse.com.ng is a wholly information technology communication (ICT) news website, with special focus on the African continent. The website provides up-to-date biz-tech news, analysis and a comprehensive and thorough insight info the continent's ICT terrain.

    Contact us: editorial@itpulse.com.ng

    Facebook Twitter LinkedIn RSS
    Latest Posts

    NITDA boss hails new “Dream Centre” at OAU as catalyst for digital-age leadership and resilience

    January 30, 2026

    New Horizons Nigeria integrates Chinese language into ICT curriculum

    January 30, 2026

    Why Africa must develop strategic AI governance tailored for local economies – Abodunrin

    January 30, 2026
    Popular Posts

    Decoding NCC’s shift from regulation to strategic empowerment under Maida

    January 27, 2026

    Platform Engineering as a Competitive Moat: Why Internal Developer Platforms are the New Product

    March 12, 2024

    Nigerian Fintech Executive, Ojelabi, Shapes Trust-Led Growth at FlashChange

    September 18, 2024
    © 2017 - 2026 Itpulse.
    • Terms & Conditions
    • Privacy Policy
    • Advertise
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.