Ark Invest stated that Bitcoin (BTC) adoption in Argentina ranked first, surpassing El Salvador.
Ark Invest research partner David Puell said in a message to investors that Argentina’s interest in BTC has surpassed that of El Salvador. In particular, rising inflation in Argentina and the pro-crypto presidential candidate are among the factors that increase the importance of BTC nationwide.
overtakes El Salvador
Argentina’s economic environment paved the way for the pro-BTC presidential candidate, Javier Milei, to rise to political prominence. Puell said Milei’s 13 August victory in the country’s primary not only signaled a potential shift in Argentina’s economic policies, but also triggered a spike in BTC, rising more than 20 percent to 10.2 million Argentine pesos in 24 hours. stated.
Puell added that if Milei’s prospects for the presidency increase in the general election in October, the purchasing power of both BTC and the Argentine people will increase greatly. Addressing the prominent countries in crypto, Puell stated that Argentina is ahead of El Salvador in adopting BTC. How BTC doping will affect Argentina, which is struggling with high inflation, is eagerly awaited.
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