The exodus from fiat to…
In Argentina, Investors Flock To Safe-Haven Bitcoin
The economic crisis in Argentina is driving investors to buy Bitcoin in order to protect their wealth, pushing the cryptocurrency’s price higher in-turn. In parallel, to satisfy the increasing demand, the first of 12 Bitcoin ATMs has already begun to operate in a Buenos Aires mall. The number of stores accepting Bitcoin also continues to rise.
BITCOIN IS A SAFE-HAVEN DURING AN ECONOMIC CRISIS
As the country’s currency plunges, Argentinian investors and ordinary people are exchanging their pesos for Bitcoin (BTC) $7136.93 -0.24%. In this regard, economist and mathematician D.H. Taylor writes,
“Argentinians are moving in large numbers……
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