Argentina and Venezuela are in the state of classic inflationary recessions. Argentina has raised its interest rate to 60% to counter the peso’s depreciation against the USD which is down over 50% year to date – but only Argentinians holding Bitcoin would have fared worse. A crypto that would serve a purpose is a stable coin redeemable for gold, as local demand and price for gold in Argentina has typically surged during the trough of its recent debt busts.
Top brokers for buying and trading cryptocurrencies
- Visit Site
- Paypal accepted
- 12+ cryptocurrencies
75% of retail investors lose money.
eToro Reviewshttps://insidebitcoins.com/visit/etoro-newsCreate your account
Hide eToro Reviews
- Best broker for non-US countries
- Trade crypto CFDs, forex and stocks
- No withdrawal or deposit fees
80.5% of retail investors lose money.
Plus500 Reviewshttps://insidebitcoins.com/visit/plus500-newsCreate your account
Hide Plus500 Reviews
Remember, all trading carries risk. Past performance is no guarantee of future results.