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/Now they already know why bitcoin is really good. Inflation kills every country and probably shutting down their economy. It is a good move for Argentina to turn into Bitcoins. I think this will have an impact in crypto industry since the people are already aware. In future, fiat currency will become useless as every country made bitcoin as their national currency. Argentina will make its first move to adopt certain changes in currency. Is this a new start for a massive popularity in bitcoin?