Argentines Are Actively Buying Bitcoin

Due to the imminent state default in Argentina, its residents actively began to buy the first cryptocurrency. The specialized p2p platform LocalBitcoins shows the growth in popularity for digital gold.

(1/2) Argentines are dumping record amounts of pesos for #bitcoin on @LocalBitcoins, as the government is about to default on its debt (https://t.co/rSYFq8gDSD) and the currency is suffering from inflation. (Source: @Coin_Dance) pic.twitter.com/oTFYadike4
— Arcane Research (@ArcaneResearch) April 23, 2020

Over the past week, Argentineans bought BTC for more than 46 million pesos (almost 700 thousand US dollars).

At the moment, the country is already late to pay a foreign debt in the amount of 500 million US dollars, and many analysts believe that default is a matter of time.

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