- Higher Inflation countries worried.
- Looking at BTC for hedging purpose.
Countries suffering from inflation? What is the solution? Crypto assets....
There are many countries which are having some serious issues with inflation and people are looking for some solutions about how they can solve this. Well, this is not easy and the government needs to work hard on this.
Cryptocurrencies are catching up and there is an uptrend which is on from last few days and that is something very visible that lots of people from all over the world are getting attracted to this as they can see a great boost. Argentina is one such example where the currency has lost a lot and people see BTC as a good option to invest in. There is a big surge in inflation in the last year or so and you can say that some of the countries are suffering from hyperinflation.
BTC has seen huge gain due to this reason and the trend is much more in terms of investments from the countries where currency begins to lose the sheen rapidly and this can be a cause of worry for those countries and they need to find a quick solution for the same.
People from this region are looking for ways to hedge and BTC seems to be a very good option for the same. If we talk about Argentina price per BTC is 390,719 pesos and that is quite a bit if you see. Localbitcoins volumes are always rising for this region.