The Wild West Crypto Show Shines Spotlight on “Bitcoinizing” in Venezuela

July 28, 2020 11:53:42

Episode 117 of the Wild West Crypto Show, titled “Altcoins Catching Some Fire,” got going with the welcome news that cryptos are holding up. For example, Bitcoin hasn’t dipped below $9,000 since mid-March. Holders of the cryptocurrency seem unperturbed as economic uncertainty brought on by the pandemic grips the nation.

Hosts Drew Taylor and Brent Bates split up for this week’s show. Taylor was in the field, while Bates held down the fort in Texas, welcoming Alessandro Cecere, CEO of Coinspree, who has dubbed himself El Sultan Bitcoin. Cecere runs his crypto company from Caracas, Venezuela. The company’s mission is nothing less than the “bitcoinization” of financial services in the South American nation, which, with a population of…

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