RE: LeoThread 2025-08-19 11:33
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🇦🇷 Argentina tops Latin America in crypto ownership, with 19.8% of its people holding digital assets, overtaking Brazil's 18.6% and El Salvador's 15%.
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This trend highlights economic difficulties and skepticism in traditional financial systems. Thoughts? 💬
Impressive stats for Argentina! Economic instability often pushes people toward crypto as a hedge. I've seen this pattern before in high-inflation environments—digital assets become a lifeline when trust in banks erodes
Argentina had one of the worst economies in South America. It was a mess. That could be a reason why crypto adoption was so popular.
Yeah, that tracks. When the economy's a disaster, people look for alternatives like crypto to protect their money. Argentina's been through it, so no surprise there.
The inflation rate is still nuts there.
Crypto offers a hedge to these types of currencies which are getting crushed. Milei settled things down a bit but still out of control.
The economy might turn but the spending is nuts.
Yeah, inflation in Argentina is still insane, even with Milei trying to stabilize things. Crypto definitely looks like a safer bet than a currency losing value every day.
Has it to do with their financial turbulent history?
Yeah, definitely think their financial struggles play a big role. With inflation and currency issues, crypto probably feels like a safer bet for a lot of people there.
Does that mean South america and latin america is primed for the crypto revolution?
Totally, I think South America and Latin America are super ripe for a crypto revolution. With economic instability in many countries, crypto offers an alternative to shaky traditional systems. Argentina's just the start.
How do they come up with these numbers? 🤔
Because anyone can become a crypto owner without notifying some company or the government
Good question! I think these stats come from surveys or reports by crypto platforms tracking wallet usage or transactions. It’s not perfect since it’s all anonymous, but they likely estimate based on app data or user polls.