[2019-04-21] Brazil: Highest Inflation in 4 Years Propels Bitcoin Volume to Reco

[Jgilpulg]

Cointrader Monitor tweeted that Brazilian cryptocurrency exchanges traded more than 100,000 BTC on April 10, 2019.

https://bitcoinist.com/brazil-highest-inflation-in-4-years-amid-record-bitcoin-trading-volume/

[pixie85]

What's going on in South America? The countries there are falling one by one. Venezuela is struggling with hyperinflation, Peru and Bolivia are extremely poor with 70% of people living in poverty, now we are hearing about Brazil. This will end badly for the whole continent if they don't receive help to kickstart the economy again.
Going crypto could really help but who is brave enough to try it?

4,5% inflation isn't a disaster but it's showing that something that there's something wrong.

[vit05]

This is not correct. What happens is that we have in Brazil an exchange that has a huge volume of fake negotiations. This is always debated in the main Brazilian bitcoin groups. No one believes in this volume.

Bitcoin is still a marginalized product in Brazil. Many people associate Bitcoin with Ponzi schemes and the use in commerce is minimal.