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

According to a report by Bloomberg, as reported by TechFlow, Argentina is one of the countries with the highest adoption rate of cryptocurrency globally. The Bitcoin purchase volume at the local cryptocurrency exchange Lemon is nearing its highest weekly value in nearly 20 months. This exchange is the most popular among retail customers in this South American country.

Argentinians are buying Bitcoin to protect themselves from an inflation rate of 276%, rather than being eager to convert their pesos into dollars.