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Historic Win: Bitcoin Advocate Maria Corina Machado Crowned Nobel Peace Laureate

Published 16 hours ago3 minute read
David Isong
David Isong
Historic Win: Bitcoin Advocate Maria Corina Machado Crowned Nobel Peace Laureate

Venezuelan opposition leader María Corina Machado has been awarded the 2025 Nobel Peace Prize, a significant milestone that resonates deeply within the Bitcoin community. This marks the first time a Bitcoin advocate has received such a prestigious honor, recognizing Machado’s unwavering efforts in promoting democratic rights and seeking a better life for millions of Venezuelans.

Machado, 58, was lauded by the Norwegian Nobel Committee for her “tireless work promoting democratic rights for the people of Venezuela” and described as “a woman who keeps the flame of democracy going amidst a growing darkness.” Her struggle against the current regime and her refusal to leave Venezuela despite being barred from elections underscore her persistence under threat. The Nobel Committee further praised her as “a key, unifying figure in a brutal authoritarian state that is now suffering a humanitarian and economic crisis.”

Central to Machado’s vision and her fight against financial repression is her open embrace of Bitcoin. She views the decentralized digital currency as a powerful tool of resistance against authoritarianism and a crucial means for empowering citizens when governments fail them. Venezuela has faced severe economic challenges, including spiraling inflation that once reached 1.7 million percent and led to the bolívar losing 14 zeros. This financial repression, rooted in state-sponsored looting and unchecked money printing, destroyed the nation’s economy.

For many Venezuelans, Bitcoin emerged as a vital alternative. Machado has consistently described Bitcoin as a “lifeline” for her compatriots, enabling families to store value outside the collapsing fiat currency, receive remittances without confiscation, and even fund their escapes from the country. She also relied on digital currency to fund her leadership aspirations when traditional banking access was restricted, emphasizing that Bitcoin evolved from a humanitarian tool into a necessity for most citizens.

Looking ahead, Machado envisions Bitcoin playing a fundamental role in rebuilding Venezuela. She has publicly proposed including Bitcoin in the country’s future national reserves as part of the post-dictatorship recovery, asserting, “We envision Bitcoin as part of our national reserves, helping rebuild what the dictatorship stole.” This emphasis on transparency aligns with Bitcoin’s core principle of a public ledger incorruptible by design, resonating with ideals of freedom and justice.

Bitwise Advisor Jeff Park highlighted the profound symbolic importance of Machado’s award for the digital asset community, stating unequivocally that “Bitcoin IS human rights.” Park posits that Bitcoin grants economic freedom and protection from government control, which he considers fundamental human rights. He maintains that Bitcoin adoption supports these visions, suggesting that the digital asset liberates people economically and hints at future widespread adoption.

The increasing acceptance of Bitcoin as a store of value and a hedge against inflation is further demonstrated by examples like El Salvador. Nearly a year ago, El Salvador's president, Nayib Bukele, lauded Bitcoin's positive impact on his country's recovery. When Bukele made his statement in October 2024, BTC was trading at approximately $71,000 per coin. As of press time, Bitcoin's price has soared to $120,464.66, reflecting over 90% growth in a single year and solidifying its position as a globally recognized asset.

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