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76 sats \ 3 replies \ @Bell_curve 23 Mar \ on: Bitcoin Demand In Argentina Surges To Two Year Highs bitcoin
Dollars and stable coin are popular in Argentina
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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Unfortunately I have not visited.
I rely on information from the blogger, Devon.
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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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