The authorities of Argentina have limited the amount of US dollars available for purchase to citizens by the amount of $ 10,000. Against this background, a financial expert called on Argentines to buy bitcoins.
The government has limited its citizens the volume of purchases of foreign currencies in order to protect their own currency – the Argentine peso. The currency of Argentina shows a significant decrease – since August 2, the peso has lost 34% compared to the US dollar.
Financial expert Preston Byrne believes that demand for bitcoin in Argentina will grow in the near future. He even called for
Argentines to purchase the first cryptocurrency. Trading volumes of bitcoin with the Argentine peso on the P2P exchange Localbitcoins are also growing.
Note that in March this year, the venture investor and the famous cryptocurrency enthusiast Tim Draper advised
the president of Argentina to legalize bitcoin in order to improve the economic situation in the country. He met with Argentinean President Mauricio Macri to discuss the economic prospects of a Latin American country.