Venezuela’s political and economic instability, exacerbated by allegations of election fraud, raises questions about the control of national reserve assets. Advocates suggest that adopting Bitcoin could enhance transparency and trust in public fund management, but significant political stability is essential for effective implementation. While Bitcoin may offer some relief against inflation, it cannot resolve the underlying issues of fiscal mismanagement and unchecked money printing.
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0 posts last weekFamily Owners Sell Majority Stake in Belvédère Asset Management
The founders of Fundamenta Group, David and Javier Garcia, have sold their majority stake in Belvédère Asset Management to the former owners, the Marxer family, following the sale of Fundamenta to Swiss Prime Site. The Luzerner Kantonalbank, holding 26.8% of the wealth manager, and other minority shareholders remain unaffected. The transaction was completed in cash, with no further financial details disclosed.
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