In Argentina we have just once again reached a new All-time high as inflation keeps soaring. Hopefully people realise there that Crypto can actually help them.

/u/partymslCryptocurrency News & Discussion https://ift.tt/L39IQuO

While we all here are just waiting and waiting for Bitcoin to finally recover from this bear market and reach new all-time highs again, in other countries, like Argentina, that is no problem at all as BTC keeps hitting new ATHs here and has just recently made one in Argentina too. ​ Chart show BTC price in Argentina, a 35x since 2020 (by CoinBeast) But there is obviously a bit of a bad underlining to those new ATHs as the reason for them primarily is the still-accelerating inflation in Argentina. Just this year inflation broke over 100% in Argentina and that while the interest rates of the central bank are also at about 97%, there seems to be no way for Argentina to combat that sky-high inflation. It even went as far that Argentina had to take the help of the IMF, with their largest Extended Fund Facility program ever of over $44B. But that also came with a sinister undertone, as the IMF is requiring Argentine government to promise them to basically stop Crypto adoption in their country. Seems like the organisations that are meant to help countries in their worst situations are just taking advantage of them instead. In that case Bitcoin may actually be the one helping them the most. submitted by /u/partymsl [link] [comments]

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