Data from peer-to-peer cryptocurrency exchange LocalBitcoins shows that citizens in Argentina are dumping record amounts of their hard-earned pesos in exchange for the first-ever cryptocurrency: Bitcoin. The country’s economy is crumbling under enormous inflation and is the government is about to default on its debt. With the rest of the world downward spiraling toward similar conditions, is this a sign of what’s to come for the leading cryptocurrency by market cap? Argentina Citizens Flee the Peso […]
