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As the Argentine economy is racked by record inflation, its people are turning to Bitcoin as a way to protect their economic security.

The Argentine Republic is currently experiencing the worst inflation rates in the world. The nation’s economy has experienced low levels of inflation, somewhere around 25%, for decades; yet the pandemic sharpened a downward trend to devastating effect. The inflation rate hit 70% in 2022 and reached 100% the following February, but 2023 proved to be an absolutely murderous year for Argentina’s economy. Inflation rates crossed the 200% point around the time that Bitcoin-friendly president…

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