Bloomberg: Argentina's Bitcoin demand rises to the highest level in 20 months

TechFlow news, according to Bloomberg, Argentina is one of the countries with the highest cryptocurrency adoption rates globally. Lemon, a local cryptocurrency exchange, has seen bitcoin purchase volumes approaching the highest weekly level in nearly 20 months. The platform is the most popular exchange among retail customers in this South American nation.

Argentinians are buying bitcoin to protect themselves against 276% inflation, rather than rushing to convert pesos into U.S. dollars.