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The enormous rate of hyperinflation in Venezuela has lead the collapse of their currency, as it seems to be in a free fall. Everyday it becomes harder and harder for Venezuelans to survive, they can not even buy basic needs and medication. Bitcoin has proved to be a kind of relief for the Venezuelans as they are moving towards the digital economy. Venezuela has announced the go ahead for the digital currencies and payments methods. This has allowed many Venezuelans to rely on bitcoins to use as the proper currency for buying the basic necessities. Bitcoin seems like giving them a second like as they were severly crushed by the most highest hyperinflation in the world.