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13 May 2021

Argentinians are flocking to Bitcoin (BTC) amid inflation, economic decline | CryptoSlate

Argentinians are flocking to Bitcoin (BTC) amid inflation, economic decline | CryptoSlate


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The popularity of Bitcoin and other cryptocurrencies is skyrocketing in Argentina as local residents look for new ways to offset inflation, global news agencyAFP News reported today.

“The number of user accounts for investing in cryptocurrencies has multiplied by ten in Argentina since 2020,” Maximiliano Hinz, Latin American director of crypto exchange Binance, told the outlet.

“It is no coincidence that Argentina and Venezuela, countries with high inflation, are the main crypto poles in South America,” noted digital assets specialist Marcos Zocaro, adding,.

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