Have Argentines become crypto-followers?
In Latin America's third-largest economy, bitcoin is enjoying increasing popularity.
According to
Forbes
magazine
, Buenos Aires is the second city in the world where the use of cryptocurrency is the most important, after Prague, and the first in Latin America.
In two years, the volume of bitcoin in Argentine pesos has jumped by more than 1,000%, according to figures from the platform Arcane Research.
Read also:
Taking advantage of the ambient tension, bitcoin is at its highest since 2018
Around 900,000 people in the country invest in crypto-assets, according to the specialist site iProUp.
An attractive digital alternative for small savers and companies who do not trust their local currency and who want to escape the "cepo", the purchase restrictions applied to the dollar.
Faced with one of the highest inflation rates in the world (54% in 2019) and faced with the collapse of the peso, Argentines have been turning to green currency for a very long time to save their savings.
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