Argentina's inflation has hit 55% this year, caused by a collapse in confidence in the peso. As a result, Argentinians are turning to bitcoin as a hedge to further monetary collapse. No matter what the central bank does, inflation continues to rise. Notably, Tim Draper met with the president of Argentina some time ago and suggested the country adopt bitcoin as the national currency.
https://bitcoinist.com/argentina-central-bank-inflation-bitcoin/Interesting, if ever Argentina would be the first country to make bitcoin as it's main currency. But, the question is will this really help solve the inflation. What will be the total effect of making bitcoin as their currency once the market crashes drastically (knowing that crypto market is volatile.)