Bitcoin in War Zones: How Ukrainians & Venezuelans Really Use It

Bitcoin in War Zones: How Ukrainians & Venezuelans Really Use It

By Alex_skywalker | The Satoshi Papers | 12 Jun 2025


Forget the Lambo memes—this is how Bitcoin actually functions when banks fail, bullets fly, and hyperinflation hits.

1. Ukraine: The Crypto War Machine

  • Donations: Over $225M in crypto raised for military supplies (NFTs funding drones).
  • Censorship Dodge: Activists bypass Russian payment blocks to fund resistance.
  • Starlink + BTC: Soldiers buy satellite internet access anonymously.

Reality check: Western "HODLers" debate charts while Ukrainians buy armor with Bitcoin.

 

2. Venezuela: Surviving 1,000,000% Inflation

  • Petro scam? Government’s fake crypto failed—citizens use real BTC instead.
  • Salary loophole: Remote workers paid in BTC > bolivars (worthless by Friday).
  • Black market lifesaver: Medicines/food bought via LocalBitcoins when cards fail.

Irony: Bitcoin’s "volatility" is stable compared to bolivars.

 

3. The Dark Trade-Offs

  • Tracking risk: Russian spies target crypto donors (see: Chainalysis leaks).
  • Cash still king: Refugees need physical dollars at borders (no QR codes in trenches).
  • Adoption myth: Most still use USD stablecoins—not pure BTC.

 

4. What Crypto Bros Miss

War zone usage proves:

  • Bitcoin matters most where governments fail.
  • But it’s not magic—infrastructure (phones, internet) is still required.
  • Real utility > price speculation.

Bottom line: When your currency is rubble or bloodstained, "number go up" is irrelevant. Does Bitcoin work? Ask someone fleeing Caracas or Kyiv.

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Alex_skywalker
Alex_skywalker

🌌 Crypto explorer sharing insights from the edge of the blockchain universe. 🚀 Writing about crypto trends, DeFi, trading, and Web3. 🛰️ Just a skywalker on a mission to decode the future of finance.


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