Bitcoin trading soars in Argentina, Brazil as local currencies weaken
While DeFi may have some traders dreaming of complicated lending strategies and governance protocols, in certain parts of the world it’s still Bitcointhat promises a censorship-resistant way to protect against rapidly inflating local currencies.
According to a recent report from analytics firm Arcane Research, Bitcoin has just broken price records in Argentina, Brazil, and Turkey—with growth (in fiat terms) of 169%, 20%, and 5%, respectively, over the last two months.
By José Antonio Lanz via Decrypt