Bitcoin Bought at $20K Retained More Value Than the Peso –

Bitcoin has proven to be a store-of-value in Argentina where you would have been better off buying BTC at its peak rather than hold the peso. Argentina Ensnared Political and Economy Turmoil The Argentinian economy continues to shrink, afflicted by stubbornly high inflation, which President Mauricio Macri, who is running for re-election, has been unable […]

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Brazil: Highest Inflation in 4 Years Propels Bitcoin Volume to Record Highs

The inflation rate in Brazil, the world’s ninth largest economy, spiked to its highest level in four years, driving more people to Bitcoin, as indicated by the recent rise in Bitcoin trading volumes. Inflation in Brazil Hits 4.5% President Jair Messias Bolsonaro took office on January 1, 2019. Since then, Brazil’s inflation rate has shown […]

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Argentina Central Bank’s Inability to Stop Inflation is Forcing People to Bitcoin

As Argentina’s inflation rate skyrockets to its highest level since 1992, people are increasingly turning to Bitcoin as an alternative. Inflation in Argentina Surpasses 54 Percent Argentina’s central bank already tightened monetary policy three times in the last month, and inflation is still accelerating at a rate of nearly 55 percent. Bloomberg notes: The inflation […]

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Crypto an Alternative to Inflation Across the Globe, Now Philippines

Sometimes, the only thing that drives progress is a kick… in the bottom. That’s why economic crises have been a most effective factor for encouraging cryptocurrency adoption. First Venezuela, then Iran, and now the Philippines may follow suit. The Philippines are currently seeing the highest inflation rate (6.4%) in almost a decade as an outcome […]

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