I think they proved themselves to be inept with the currency they had so creating a new currency isnt going to make them any more adept at managing the money.
Crypto is the best thing for Venezuela but not the Petro but crypto for the people.
By the way, is Bitcoin still used a ton down there?
I know there are some miners but it’s all clandestine since using currencies that are not the local one is illegal. I have heard there have been people going to jail for mining bitcoin here.