of Argentinians
own cryptocurrency
It is estimated that over 2.5 million people, 5.6% of Argentina’s total population, currently own cryptocurrency.¹
There has been an exponential rise in the usage of Cryptocurrency in Argentina. The temperature has steadily been rising in the Argentinian crypto space for several months of 2019, creating a clear timeline for the increased acceptance of Bitcoin and other alternative assets. The nation’s economy and fiat currency have been especially wobbly since August 2019 as the stock market hemorrhaged during an upset presidential election. In addition to damaging the return value on investments, this also caused the peso’s value to plummet. Very soon after this initial trigger, the relative valuation and trading volume of Bitcoin spiked to levels comparable to conflict-stricken regions like Hong Kong.2