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High-inflation countries and Bitcoin
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Nov 4
When considering the volatility of Bitcoin and the volatility of Bitcoin in these economies, Bitcoin is valuable as a use case for currencies in developing countries that are currently experiencing high inflation. The volatility of Bitcoin relative to the U.S. dollar is much greater than the high inflation of the Argentine peso relative to the U.S. dollar; Nonetheless, the almost frictionless cross-border transfer of Bitcoin makes it a potentially highly attractive lending tool for Argentines...
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