RATE Group | Bitcoin Exploiting Fiat Volatility in Argentina & Iran, An Opportunity for Crypto Explos…
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Bitcoin Exploiting Fiat Volatility in Argentina & Iran, An Opportunity for Crypto Explos…

06 Oct Bitcoin Exploiting Fiat Volatility in Argentina & Iran, An Opportunity for Crypto Explos…

Posted at 20:04h in Bitcoin News by

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Bitcoin is exploiting the economic and fiat crisis as Argentina will see more than 150 Bitcoin ATMs installed by next year while emerging markets like Brazil and Mexico are seen as potential markets. Meanwhile, Bitcoin search accelerates in Iran as its currency also takes a hit against USD.

Economic & fiat crisis to drive people towards Bitcoin

Iran’s rial hit an all-time low of 190,000 against the US dollar at last month end. Though it has rebounded to about 140,000 rials in recent days, the national currency has lost about two-thirds of its value in the last year.

Meanwhile, Bitcoin search is taking a rise in the country as shown below:

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Bitcoin Search in Iran during past 12 months, Source: Google Trends

In last three months, it has been constantly on an upward movement:

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Bitcoin Search rising in Iran during the past 90 days, Source: Google Trends

Meanwhile, in Argentina, about 30 Bitcoin ATMs are expected to enter by the end of this year amidst the economic and fiat crisis in…

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