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In Argentina, one bitcoin is enough to buy a new mid-range car

June 10, 2020

Argentina is a country with a difficult economic situation in which the Argentine peso has depreciated significantly. In this context The price of Bitcoin has already exceeded a million pesos, and today a BTC is enough to buy a new mid-range car. This was reported by Ámbito on June 10th.

Bitcoin is the most popular cryptocurrency, the most robust, and its price is usually quoted in US dollars. Argentina has several quotes for the North American currency, but the so-called “blue dollar” (the one listed on the parallel market) is around 120 Argentine pesos.

“Multiplying this by the price of Bitcoin, which is around $ 9,700 today, gives a value of 1,164,000 Argentine pesos. Bitcoin is also valued in dollars, but is gaining importance in pesos because it is also devalued significantly. ” noticed the Ambit article.

In Argentina, one bitcoin is enough to buy a new mid-range carIn Argentina, one bitcoin is enough to buy a new mid-range car

“The growing demand for Bitcoin, which consequently increases the price in dollars worldwide, is also reflected in pesos, and let’s add that in Argentina Bitcoin is an investment and savings alternative without stocks. because there are no restrictions or restrictions on your purchase, “added this publication.

It should be noted that there are also strong restrictions on foreign currency purchases in Argentina, commonly referred to as “stocks” in that country.

Car models

Regarding the cars that could be bought, the publication said: “If you had a Bitcoin, you could buy a 0 km Volkswagen Polo 1.6, a Peugeot 208 1.8 or a Renault Kangoo 1.6 Zen latest model (in Argentina, new cars are usually called that) and you would pay with the price at the time of purchase with this asset since it is regulated in Argentina with this denomination. “

On the other hand, they also emphasized by Ámbito that you can see on social networks people who sell different types of goods, such as real estate, cars, electronic items, etc.

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