What’s Happening With Crypto in Argentina?

What’s Happening With Crypto in Argentina?

From Bloomberg Crypto by Bloomberg and iHeartPodcasts

March 13, 2023 · 15 min

About this episode

The episode discusses the impact of inflation on crypto usage in Argentina and features insights from Nacho Olivera Doll on a recent study about crypto investors in the country.

Argentina is one of the countries with the highest rates of inflation in the world - currently hovering at close to 100%. The nation is also one of the countries with the biggest population of crypto enthusiasts. In this environment, digital currencies can be perceived as a safer bet than the peso. This popular enthusiasm for digital tokens has faced pushback from the country’s central bank. But ever since the crypto winter has stepped up volatility, and exchanges like FTX collapsed, many Argentinians likely feel squeezed: with fewer ‘safe’ places to protect their life savings from inflationary pressures. Bloomberg’s Nacho Olivera Doll reported on a recent study by Buenos Aires-based Wunderman Thompson - it found that nearly two-thirds of the nation’s crypto investors use digital currencies as a way to protect their savings. He joins this episode to discuss. Subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter See omnystudio.com/listener for privacy information.

People in this episode

Guest: Nacho Olivera Doll

Topics covered

  • crypto
  • inflation
  • digital currencies
  • Argentina
  • financial safety
  • central bank
  • crypto enthusiasts

Keywords

  • Argentina
  • crypto
  • inflation
  • digital currencies
  • Wunderman Thompson
  • Nacho Olivera Doll
  • FTX
  • financial safety
  • central bank

Mentioned in this episode

Organizations: Wunderman Thompson, FTX

Places: Argentina

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