Argentines are shopping for Bitcoin to defend themselves from 276% inflation as an alternative of speeding to trade pesos for {dollars}, upending a timeless technique that’s made the crisis-prone nation one of many prime locations for dollars on the earth.
Bitcoin purchases in Argentina — one of many nations with the very best stage of cryptocurrency adoption globally — approached their highest weekly worth in 20 months at native cryptocurrency trade Lemon, the preferred amongst retail clients within the South American nation.