Autonomous City of #BuenosAires (CABA) 🇦🇷 March Inflation 7.1% 😫
That’s annual inflation 105,5%.
21,8% first three months
#Argentina 😢
Discussion
#Bitcoin is hope!
Unfortunately people here doesn’t trust in bitcoin and its volatility, they don’t have money to risk, and they see BTC as a risky investment asset, they prefer to buy dollar as a store of value, invest in a fixed term deposit (compound interest rate around 105%), or buy long-term goods to try to lose less.
Same in Mexico, some people will learn the hard way