This could be a good test case again, as we have seen Venezuela and Zimbabwe staying afloat because of bitcoin/cryptos.
Please tell me you don't actually believe this!
Reminds me how everyone is saying China has the most
BTC, the most miners, the most trading, and yet when that girl tried to live on
BTC and ended up scavaging leftovers as nobody accepted her coins.
I'm naturally skeptical of these kinds of narratives. (Remember the Cyprus narrative in 2013?)
But maybe there's something to this.
I looked into it a bit and it seems like Argentinian trading volumes are rising significantly. That wouldn't mean much if it were the global trend, but we can see that over the same period, volumes have been dropping everywhere else (typical lull after a bubble). Argentinians also appear to be paying premiums to acquire BTC, around 3% right now.
Take everything with a grain of salt and all, but I'm not writing this off yet.
Yeah, that one was pretty funny. All the banks were locked up and people were buying
BTC ..how and with what nobody knew.
But about that trading volume (the article you mentioned shows no volume at all) and I haven't heard yet of an Argentinian exchange so...what numbers are we talking here?