Due to the devaluation of the peso in the Argentine Republic, the price of Bitcoin is rapidly approaching a historical value, which already touches three million pesos in that country. At the time of this writing, the number of 3,000,000 in Athena ATMs had already been exceeded, taking into account the data from the comparison site Coinmonitor.info, while it was soon to be reached in various exchange offices that allow the buying and selling of BTC.
At the time of this writing, the price in Argentina of the Bitcoin purchase price at Athena Cajeros was 3,054,053.25 pesos, according to CoinMonitor. in Bitex at 2,814,156.98 pesos; in Lemon Cash at 2,778,969 pesos; and in Ripio to 2,777,801.58 pesos.
On the other hand – also according to CoinMonitor – the average average price of Bitcoin was 2,662,874.44 Argentine pesos. This number is derived from the average of the median sales and median buying of the top in Argentine pesos, which can be viewed in Coinmonitor.
It should be noted that in addition to the global crisis caused by Covid-19, Argentina has lived for decades, the constant devaluation of the Argentine peso and the successive economic crises that have occurred over time. Along with high inflation, many restrictions on foreign currency purchases (which have been tightened in recent months), and high tax pressures, this may be factors causing citizens to look for an alternative to fiat currency in cryptocurrencies.
The financial crisis in Argentina, along with the global economic impact of the coronavirus, is particularly complicated compared to other countries that have sparked interest in crypto assets
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