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It could if people used it. I'm still trying to find normies in Argentina who choose Bitcoin over stablecoins. There are some devs and nerds, but it seems like Bitcoin adoption has gone down-- businesses that used to accept Bitcoin have stopped.
Tether is very popular in Argentina as a medium of exchange
El Salvador: almost everyone uses dollars not bitcoin. The only people using bitcoin are expats and tourists at bitcoin beach 🏖️
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