Key Takeaways
- HRF launches Bitcoin campaign to aid Venezuelan opposition.
- 100% of Bitcoin donations will go directly to activists.
- Opposition leader María Corina Machado supports Bitcoin as a tool for economic freedom.
The Human Rights Foundation (HRF) announced a Bitcoin fundraising campaign on September 5 to support Venezuela’s opposition and promote democratic efforts against the country’s current regime.
The campaign focuses on gathering donations to aid opposition leader María Corina Machado and other activists navigating the ongoing political crisis.
July 28 elections
This initiative comes in the wake of Venezuela’s controversial July 28 elections, which led to unrest and government crackdowns.
HRF believes that Bitcoin’s decentralized nature provides a solution for those resisting authoritarianism.
The organization, which has a history of supporting human rights defenders, will channel 100% of Bitcoin donations directly to activists.
Campaign launch
At the campaign’s launch, opposition leader María Corina Machado emphasized the role of Bitcoin in offering economic freedom to Venezuelans.
She highlighted its potential to counter government manipulation of currency and hinted at the possibility of incorporating Bitcoin into a national strategic reserve.
Additionally, HRF is offering tax benefits for U.S. contributors, allowing them to deduct donations from their taxes.
