More Argentines are turning to the crypto economy
The crypto economy, and Bitcoin in particular, can be a way out of the "FIAT currency trap". Inflation is currently plaguing every country in the world. Central banks are flooding the market with freshly printed money to remain liquid. In doing so, they are cheating their citizens, who have less and less purchasing power because the domestic currency is losing value. The inflation rate in Argentina has risen to 276 percent. Many Argentines are increasingly turning to Bitcoin to protect their savings from this extreme depreciation. These days, this approach is probably the best idea to ensure financial stability for the future đđ
https://www.cryptointelligence.co.uk/argentine-demand-for-bitcoin-soars-as-peso-plummets-with-citizens-seeking-cryptocurrency-as-economic-lifeline/
