Amidst soaring inflation rates, cryptocurrencies are rising as a savior for individuals in distressed economies, creating an intriguing financial trend. In countries like Argentina, Turkey, and Venezuela, where inflation reaches dizzying heights, there's a notable surge in crypto adoption. But why is inflation such a significant driver compared to other factors? Dive deep into the data exploration to uncover whether inflation trumps political turmoil in fueling this crypto craze, and discover the exceptions to this rule...
High inflation vs regional conflict: Which leads to higher adoption of Bitcoin and crypto? α ▸ Africa · Asia · EU · Latin America · Middle East · Ukraine · US ▸ Bitcoin ▸ Research
High inflation vs regional conflict: Which leads to higher adoption of Bitcoin and crypto?
Strong currency devaluation pushes citizens towards crypto but is political unrest a bigger driver?
3 min read
Updated: Oct. 8, 2024 at 1:15 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.