InsideBitcoins.com

Bitcoin won’t save Argentina but a gold-backed stable coin could help citizens

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

  • Platform
  • Features
  • Rating
  • Visit Site
  • US-Friendly
  • Paypal accepted
  • 12+ cryptocurrencies
4.5/5

Visit Site
75% of retail investors lose money.
eToro Reviews

    eToro Reviews

    https://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
    4.5/5

    Visit Site
    80.5% of retail investors lose money.
    Plus500 Reviews

      Plus500 Reviews

      https://insidebitcoins.com/visit/plus500-newsCreate your account
      Hide Plus500 Reviews
      Remember, all trading carries risk. Past performance is no guarantee of future results.
      Avatar