Peso falls and Bitcoin skyrocket with primary elections in Argentina

English Aug 16, 2019

With the huge fall in the argentinian currency and the market crash, many argentines turned their attention to Bitcoin as a way to financially protect themselves from a possible Peronist government.

Cryptotraders are having to deal with an inflated price due to rising demand at more than $ 13,000 per bitcoin, about 30% above the global market on the day. A report concluded that many argentines believe that “bitcoin is better than gold, silver, or any other goods” as they are “easier to sell and trade”.

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Morel Hernandes

Writer passionate about politics, economics, blockchain and crypto-currencies.