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Argentines abandon dollars for Bitcoin to tackle inflation
Summary by Punch Newspapers
2 Articles
2 Articles
Argentines abandon dollars for Bitcoin to tackle inflation
Argentines are abandoning the US dollar in favour of Bitcoin as the cryptocurrency’s value reached an all-time high this month. The trend persists as Argentines search for a solution to the country’s accelerating inflation. According to Business Insider, Argentine purchases of Bitcoin jumped to their highest weekly level in 20 months. In the first week
Argentines are buying bitcoins to protect themselves from 276% inflation rather than rushing to exchange pesos for dollars, ending a timeless strategy that has turned the crisis-prone country into one of the world's leading greenback holders. Read more.
·Buenos Aires, Argentina
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Total News Sources2
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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