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.
Remember, all trading carries risk. Past performance is no guarantee of future results.