Argentines are buying Bitcoin to protect themselves from 276% inflation instead of rushing to exchange pesos for dollars, upending a timeless strategy that’s made the crisis-prone country one of the top places for greenbacks in the world.
Bitcoin purchases in Argentina — one of the nations with the highest level of cryptocurrency adoption globally — approached their highest weekly value in 20 months at local cryptocurrency exchange Lemon, the most popular among retail customers in the South American country.
Argentines are looking for ways to survive a recession and one of the world’s highest inflation rates as President
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