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76 sats \ 3 replies \ @Bell_curve 23 Mar 2024 \ on: Bitcoin Demand In Argentina Surges To Two Year Highs bitcoin

Dollars and stable coin are popular in Argentina

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20 sats \ 2 replies \ @siggy47 OP 23 Mar 2024

Makes sense. Have you visited? Do you have any boots on the ground information? It would be great to get a sense of what's really going on.

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130 sats \ 0 replies \ @Bell_curve 23 Mar 2024 freebie

Unfortunately I have not visited. I rely on information from the blogger, Devon.

https://www.freethink.com/hard-tech/crypto-argentina-black-market-cash

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76 sats \ 0 replies \ @nikotsla 24 Mar 2024

I could shed some light here :), I have some boots on the ground. The article is the classic pump and dump that all "crypto" wallets (lemon/belo) use and add to FOMO.

When the price of BTC skyrocket the "bitcoin demand" surge, but only to cashout to stable shitcoins at the first downturn. Almost 80% of the economy move in a "black" market, and the "caves" adopt USDC/USDT as an easy way to manage dollars.

At the beginning there was a good BTC community but most of it "turn" to shitcoinery when ETH and the "new" crypto assets bubble popout, all the meetups and events turn to this new shinning thing

I am aware only by this "core" BTC community that only talk about BTC https://lacrypta.ar/. The old gang seems to sell off, https://bitcoinargentina.org/ (bitcoin and cryptomonedas), https://agenda.labitconf.com/ (NFT talks/web3)

my2cent

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