That the Venezuelan government was willing to invest heavily in petro, the CBDC guaranteed by the production of crude oil in the country, was a well-known fact, as we have known for at least a month of the intention to pay the thirteenth with this new currency; now, with regards to this matter, we have a few more details, President Maduro, in fact, announced on the 15th of December, with a public speech, that he intends to pay the thirteenth to 8mn of Venezuelans (between pensioners and public employees) paying them about 0.5Petro. The Petro currently has a value of $ 60, decided precisely by the government, so it is estimated that the Christmas bonus will have an amount of about $ 30, a modest figure even by Venezuelan standards but not as low as it might seem, above all, will allow to citizens to begin to become familiar with the new currency. The Petro will be central to the Venezuelan economy, for example at the launch of this coin a public housing program has been attached to give a home to thousands of Venezuelans; citizens, however, seem to continue to prefer bitcoins and DASH for their exchanges, despite the fact that the government has already signed an agreement with over 50,000 merchants to accept the new currency as a means of payment.

It remains to be said that the petro has already existed for at least two years, which is still very little known of this currency, that its circulation is severely limited and that not even the great allies of Venezuela (Russia, Iran, Cuba, etc.) seem to willing to accept exchanges with the country using this currency. Without trust and without a strong support from the population, therefore, petro remains a very fragile project, which seems destined to die from one moment to another despite the government continuing to want to invest us with force; moreover, the fact that money is cryptographic does not prevent it from being subjected to the same inflationary phenomena that hit the bolivar, the problem is not the nature of money but the monetary policies decided by the government. It is difficult for Venezuelans to ever decide to rely again on a state currency, including Petro, given the experience they had with the Bolivar, which is now practically worthless, and all the more so as the use of the country is spreading like wildfire. of bitcoin; this is therefore a case that should serve as a lesson for everyone, once the trust of citizens in state money is burned it is impossible to go back for the simple fact that, today, there is an alternative. In this sense, we could take the example of Argentina, a country that comes from an endless series of failures, in which inflation has started to run again and where, just like in Venezuela, ordinary people have started to look at cryptocurrencies as the only possible alternative; in a scenario of this type, therefore, once the trust of citizens in FIAT currency is compromised, there is no longer any margin to go back and bitcoin inevitably begins to establish itself as the best possible currency. In the long run, in a sufficient period of time, more and more countries will go through situations of this kind, from every bitcoin economic crisis will emerge strengthened, until it will consolidate itself as a reference currency at a global level revolutionizing, one step after another, the world as we have always known it.