Peso falls and Bitcoin skyrocket with primary elections in Argentina

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”.