JUST IN: Argentina’s inflation rate surpassed 100% for the first time in over three decades
🇦🇷 needs #Bitcoin
Discussion
More than ever.
The 🌎 needs Bitcoin
Sad for the people of Argentina
The 🌍 needs #bitcoin
Probably already to late for the middle class.
Let’s hope other countries in the same path see it ahead.
Keep an 👁️ on us, you may miss hiperbitconization if you blink.
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😢
Unfortunately people here doesn’t trust in bitcoin and its volatility, they don’t have money to risk, they see bitcoin as a risky investment asset, they prefer to buy dollars as a reserve of value, because dollar always increases its value in pesos, or they invest their pesos in a fixed term deposit (Compound interest rate >105%), or they buy long-term goods to try to lose less.
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Or they invest in pre-sale apartment buidings/projects. Lots of hard assets to diversify one’s wealth into. The adoption of stablecoins is a necessary evil right now, but I think dollarization and Bitcoin adoption (read: abolishing the banco central) are the best solutions moving forward.
I hope people invest in apartments, I think that’s a very small amount of people. I know freelancers who work for other countries prefer to receive stablecoins because of the dollar restrictions. And I don’t think dollarization is a good idea (but I’m not an economist)
If it worked for Costa Rica, Panama, Ecuador, and El Salvador, why wouldn’t it work for Argentina? At a certain point the Argentinian people need to admit that the corrupt Central Bank needs to be abolished and the IMF needs to be kicked out of Argentina’s domestic affairs.
I just wish the best for my country 😢 no matter what or who will do it. We just can’t keep living this way.
Good day to be an American in #argentina #[3]
I feel sad for Argentinians but we are tipping well in cash everywhere we go.
What’s the BTC adoption like from what you’ve seen?
How horrible is that..
It is hitting everywhere right now to varying degrees. The world needs to open their eyes to the cancer that is high inflation.
Best thing they could do is take note of El Salvador as a lighthouse of hope. Hoping Bukele pulls it off.
Why aren’t they?
Lebanon needs it even more...!
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Compared to four weeks ago, the Lebanese Lira has lost one fourth of its value. Compared to 3,5 years ago it has lost 98,5 % of its value!
Lebanon desperately needs bitcoin
#[0]
Your post is getting a lot of attention.
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