Today, somewhat surprisingly, there is distinctly interesting news coming out of Argentina that indirectly concerns Bitcoin.
However, in order to fully understand the potential scope of this news, it is necessary to briefly describe the general picture of the situation in Argentina.
The situation in Argentina and the latest news about Bitcoin
Argentina is currently one of the countries in the world with the highest inflation rate calculated in local currency.
Indeed, in June it rose above 115%, and it has been above 100% since February. In other words, in the last 12 months prices in pesos have more than doubled on average.
The problem is the Peso (ARS) itself, the local currency, which is losing a great deal of value.
The value of the Peso in US dollars has been steadily falling at a sustained and steady pace since February 2020, that is, since the beginning of the pandemic.
Since the beginning of the year it has lost 41%, and in the last twelve months 56%.
Since February
We współpracy z: https://en.cryptonomist.ch/2023/08/14/bitcoin-news-argentina/
