In a different political situation, it is possible that the Venezuelan El-Petro would play a positive role for the economy of this country. Unfortunately, however, President Maduro did not take advantage of this opportunity. His political confrontation with his parliament, inept leadership of the country, aggravation of relations from the USA, international sanctions played a negative role and brought the country to the brink of disaster. Now the country is on the verge of civil war. This is a very negative impact on the state of the national cryptocurrency El-Petro.