Oddbean new post about login | logout When #bitcoin was $64,400 (11/12/2021) that was 12,951,990 pesos here in Argentina (1 USD = 200 pesos) Today #BTC is around $36,594 and that’s around 34,764,300 pesos (1 USD = 950 pesos).
#McDonalds #Argentina #inflation Nov-21 499 pesos $2,50 3,882 sats Today 5250 pesos $5,52 15,078 sats https://image.nostr.build/4565bdde3b4b43b40e0f24a29ce97e0382f8418d28255c7994c2b4b194e497ef.jpg https://image.nostr.build/9cf6bf95d773ec8eecd14e05e36d3dc0564750f25e9e161b989ee0ff45f11a92.jpg
That's both very interesting & sad (for your people) at the same time. Are you seeing interest in Bitcoin increasing now that we're coming out of the Bitcoin bear market? I know that Argentinians generally prefer USD but they'd also be acutely aware of the problems with fiat currencies. Just looking for a pulse check (your feeling) among your family & friends).
Unfortunately nobody around me likes #bitcoin (family, friends) they think #btc is too volatile and they don’t have money to risk, they prefer to buy dollars as a store of value, put their Argentine pesos in a fixed-term deposit (around 295% APY), or buy durable goods, as a way to lose less. I know people who works for others countries that prefer stablecoins (usdt, dai, usdc)
The interest will come in time & I'm sure that they will know where to go when they need their questions answered. I sometimes position bitcoin as a 4 year fixed term deposit with variable exit fees & huge interest potential. I'm not sure how successful it is 😆 Good luck friend & thank you for responding to my questions 🙏🧡
