Amid the country’s mounting economic crisis, Venezuelans are increasingly turning toward digital currency bitcoin to mitigate the effects of surging inflation. The country’s inflation is expected to rise to 1600 percent in 2017, the International Monetary Fund has said. To try and combat the problem of citizens needing bags full of cash to buy daily necessities, Venezuela’s Central Bank announced earlier this month that it was going to release higher-value banknotes.
