Argentines Prefer Crypto to Pesos, In A Sign of Growing Economic Discontent

Subway stations and public buses in Buenos Aires are wallpapered with advertisements for stablecoins and Bitcoin. “Beat inflation. Buy Bitcoin,” one says, while another pledges a potential windfall from an investment in stablecoins.  

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The adoption of crypto in frontier markets like Argentina is now outpacing that of the U.S. and Europe. According to a Morning Consult survey, approximately one-third of citizens in Argentina were buying or selling virtual currencies once a month — a percentage that is roughly twice the amount that we see in America.

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