Bitcoin Forum
August 22, 2019, 09:27:16 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2019-04-20]Brazil: Heighest Inflation In 4 Yrs Propels Bitcoin Volume to Record  (Read 41 times)
tyz
Legendary
*
Offline Offline

Activity: 1960
Merit: 1118



View Profile
April 21, 2019, 12:11:22 AM
 #1

Brazil: Heighest Inflation In 4 Yrs Propels Bitcoin Volume to Record

The inflation rate in Brazil, the world’s ninth largest economy, spiked to its highest level in four years, driving more people to Bitcoin, as indicated by the recent rise in Bitcoin trading volumes.

https://bitcoinist.com/brazil-highest-inflation-in-4-years-amid-record-bitcoin-trading-volume/
1566509236
Hero Member
*
Offline Offline

Posts: 1566509236

View Profile Personal Message (Offline)

Ignore
1566509236
Reply with quote  #2

1566509236
Report to moderator
1566509236
Hero Member
*
Offline Offline

Posts: 1566509236

View Profile Personal Message (Offline)

Ignore
1566509236
Reply with quote  #2

1566509236
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1566509236
Hero Member
*
Offline Offline

Posts: 1566509236

View Profile Personal Message (Offline)

Ignore
1566509236
Reply with quote  #2

1566509236
Report to moderator
1566509236
Hero Member
*
Offline Offline

Posts: 1566509236

View Profile Personal Message (Offline)

Ignore
1566509236
Reply with quote  #2

1566509236
Report to moderator
joniboini
Hero Member
*****
Offline Offline

Activity: 658
Merit: 1088



View Profile WWW
April 21, 2019, 01:47:00 AM
 #2

Finally, it's happening. I believe more and more case like this will happens around the world, eventually pushing people to use Bitcoin as a store of value while their fiat keeps losing its value due to inflation, and so on. If their hard earned money loss nearly 50% of its buying power in a year, they'll get wrecked really hard if they don't use Bitcoin or another long-term store of value.

Hopefully, their life will be better later on.




.




  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄████████▀▀▀▀███▄
███████▀     ████
███████   ███████
█████        ████
███████   ███████
▀██████   ██████▀
  ▀▀▀▀▀   ▀▀▀▀▀

  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄██▀▀▀▀▀▀▀▀▀▀▀██▄
██    ▄▄▄▄▄ ▀  ██
██   █▀   ▀█   ██
██   █▄   ▄█   ██
██    ▀▀▀▀▀    ██
▀██▄▄▄▄▄▄▄▄▄▄▄██▀
  ▀▀▀▀▀▀▀▀▀▀▀▀▀

            ▄▄▄
█▄▄      ████████▄
 █████▄▄████████▌
▀██████████████▌
  █████████████
  ▀██████████▀
   ▄▄██████▀
    ▀▀▀▀▀

    ██  ██
  ███████████▄
    ██      ▀█
    ██▄▄▄▄▄▄█▀
    ██▀▀▀▀▀▀█▄
    ██      ▄█
  ███████████▀
    ██  ██




               ▄
       ▄  ▄█▄ ▀█▀      ▄
      ▀█▀  ▀   ▄  ▄█▄ ▀█▀
███▄▄▄        ▀█▀  ▀     ▄▄▄███       ▐█▄    ▄█▌   ▐█▌   █▄    ▐█▌   ████████   █████▄     ██    ▄█████▄▄   ▐█████▌
████████▄▄           ▄▄████████       ▐███▄▄███▌   ▐█▌   ███▄  ▐█▌      ██      █▌  ▀██    ██   ▄██▀   ▀▀   ▐█
███████████▄       ▄███████████       ▐█▌▀██▀▐█▌   ▐█▌   ██▀██▄▐█▌      ██      █▌   ▐█▌   ██   ██          ▐█████▌
 ████████████     ████████████        ▐█▌    ▐█▌   ▐█▌   ██  ▀███▌      ██      █▌  ▄██    ██   ▀██▄   ▄▄   ▐█
  ████████████   ████████████         ▐█▌    ▐█▌   ▐█▌   ██    ▀█▌      ██      █████▀     ██    ▀█████▀▀   ▐█████▌
   ▀███████████ ███████████▀
     ▀███████████████████▀
        ▀▀▀█████████▀▀▀
FIND OUT MORE AT MINTDICE.COM
sheenshane
Sr. Member
****
Offline Offline

Activity: 700
Merit: 423



View Profile WWW
April 21, 2019, 10:05:49 PM
 #3

I never thought that Brazil would have an inflation rate in Bitcoin volume. And not just that, it became one of the highest Inflation rates.
razil is Latin America’s biggest economy and also one of the key regional players in the cryptocurrency market. The nation reached a new record in Bitcoin trading volume of nearly 100,000 BTC, according to a report by the local analytical tool “Cointrader Monitor”.

The problem is that the Bank is against the bitcoin exchanges in Brazil. Some of the banks actually closed the deals with cryptocurrency exchanges because of the threat. The Local Association of Crypto and Blockchain also submitted a complaint to the Brazillian Administrative Council for Economic Defense because the Bradesco actually had no legal basis to support the closure of the accounts and is definitely boycotting and violating the competition rule.

Here's the link:
https://crypterium.com/news/open/brazil-bitcoin-trading-volume




.




  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄████████▀▀▀▀███▄
███████▀     ████
███████   ███████
█████        ████
███████   ███████
▀██████   ██████▀
  ▀▀▀▀▀   ▀▀▀▀▀

  ▄▄▄▄▄▄▄▄▄▄▄▄▄
▄██▀▀▀▀▀▀▀▀▀▀▀██▄
██    ▄▄▄▄▄ ▀  ██
██   █▀   ▀█   ██
██   █▄   ▄█   ██
██    ▀▀▀▀▀    ██
▀██▄▄▄▄▄▄▄▄▄▄▄██▀
  ▀▀▀▀▀▀▀▀▀▀▀▀▀

            ▄▄▄
█▄▄      ████████▄
 █████▄▄████████▌
▀██████████████▌
  █████████████
  ▀██████████▀
   ▄▄██████▀
    ▀▀▀▀▀

    ██  ██
  ███████████▄
    ██      ▀█
    ██▄▄▄▄▄▄█▀
    ██▀▀▀▀▀▀█▄
    ██      ▄█
  ███████████▀
    ██  ██




               ▄
       ▄  ▄█▄ ▀█▀      ▄
      ▀█▀  ▀   ▄  ▄█▄ ▀█▀
███▄▄▄        ▀█▀  ▀     ▄▄▄███       ▐█▄    ▄█▌   ▐█▌   █▄    ▐█▌   ████████   █████▄     ██    ▄█████▄▄   ▐█████▌
████████▄▄           ▄▄████████       ▐███▄▄███▌   ▐█▌   ███▄  ▐█▌      ██      █▌  ▀██    ██   ▄██▀   ▀▀   ▐█
███████████▄       ▄███████████       ▐█▌▀██▀▐█▌   ▐█▌   ██▀██▄▐█▌      ██      █▌   ▐█▌   ██   ██          ▐█████▌
 ████████████     ████████████        ▐█▌    ▐█▌   ▐█▌   ██  ▀███▌      ██      █▌  ▄██    ██   ▀██▄   ▄▄   ▐█
  ████████████   ████████████         ▐█▌    ▐█▌   ▐█▌   ██    ▀█▌      ██      █████▀     ██    ▀█████▀▀   ▐█████▌
   ▀███████████ ███████████▀
     ▀███████████████████▀
        ▀▀▀█████████▀▀▀
FIND OUT MORE AT MINTDICE.COM
tyz
Legendary
*
Offline Offline

Activity: 1960
Merit: 1118



View Profile
April 22, 2019, 08:59:18 PM
 #4

Finally, it's happening. I believe more and more case like this will happens around the world, eventually pushing people to use Bitcoin as a store of value while their fiat keeps losing its value due to inflation, and so on. If their hard earned money loss nearly 50% of its buying power in a year, they'll get wrecked really hard if they don't use Bitcoin or another long-term store of value.

Hopefully, their life will be better later on.

I think that might just be the beginning. There is much to suggest that the world is at the end of a cycle of strong economic recovery. This will be felt by the industrialized nations, but above all by the emerging markets. Economic turbulence always means devaluation of the respective Fiat currencies. Alternatives like gold are hard to get and keep. That's why much speaks for Bitcoin in such times.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!