Bitcoin is proving that it is in fact a hedge against inflation

Inflation is one of the most significant economic challenges faced by emerging economies. 

Argentina, in particular, has been struggling with inflation for years, with the latest official data showing an inflation rate of 102% as of April 2023. In this environment, Bitcoin has emerged as an attractive alternative for those looking to hedge against inflation.

On April 13, 2023, Bitcoin reached a new all-time high in Argentina, with the price surging past 6.6 million Argentine Pesos.

This milestone highlights the growing popularity of Bitcoin as a safe haven asset in the country. 

With traditional currencies losing value at an alarming rate, Bitcoin’s finite supply and decentralised structure make it an attractive option for those looking to preserve their wealth.

The importance of Bitcoin as an inflation hedge has become increasingly clear in recent years, with many people turning to it as a means of protecting their wealth. As the global economy continues to face uncertainty, Bitcoin’s appeal is likely to grow. Its decentralized structure and finite supply make it a compelling option for those looking to preserve their wealth in the face of inflation.

Bitcoin’s emergence as an inflation hedge has significant implications for the global economy. In emerging economies, where corrupt governments and unstable currencies are the norm, Bitcoin has become a compelling alternative for those looking to protect their savings. As governments around the world continue to grapple with inflation, Bitcoin’s appeal is likely to grow. Its decentralized structure and finite supply make it a reliable store of value, and one that cannot be easily taken away from holders.

Twitter announces partnership with eToro – the first leg of a Super App

Twitter has partnered with eToro to display real-time Bitcoin information to users. This new feature is expected to bring in more visibility Bitcoin and help users stay up-to-date on the current market trends.

Through this partnership, Twitter users will be able to view Bitcoin prices, market trends, and trading volumes on the platform, providing them with valuable insights into its performance. This feature is expected to further increase Bitcoin’s visibility and attract new investors to the market.

This may not seem like a big announcement to some, but in the grander scheme of things – it is. 

It is quite clear now why Elon wants people to KYC for the Twitter Blue Subscription. This was clearly the first step towards building a financial super-app like that of WeChat in China. 

With KYC (regulatory-approved processes) and integrations into fintech providers – Twitter can move towards becoming a more financial-focused/payments application. This is clearly the long-term path they are taking. 

Sadly, we don’t know if they’ll go the fiat/banking route, play with Sh#tcoins (Doge) or utilise better networks, such as the Lightning Network. 

If you want to see the power of the Lightning Network on Social Media, take a look at Nostr

Check out Bitvice in Mossel Bay!

In the hills of Mossel Bay, within the heart of globally-recognised movement, there are a significant number of merchants and traders accepting Bitcoin from willing buyers. 

South Africa has watched Bitcoin Ekasi grow into an incredible project which now is recognised by the Bitcoin community across the world. 

At Bitvice, we’re so proud to have our name alongside Bticoin Ekasi on the slopes of Mossel Bay.

You can also check out the guys at Bitcoin Ekasi painting the design here

And also, keep a lookout on your Bitvice dashboard in the coming weeks. There’s some new features on the way to help important NGOs such as Bitcoin Ekasi and others work more closely with their donors through Bitcoin. 

Podcasts of the week

Recently, there was a Bitcoin meetup in Cape Town where there were various speakers who discussed some topics pertaining to Bitcoin. 

You can catch Carl de Villiers (co-founder of Shiftly) discussing the significant impact of the USDC depeg to the Dollar that occurred in March. 

Another fantastic podcast was the recent discussion with Ray Youssef, founder of Paxful (which many of you may know).

Paxful was sadly closed down this past week due to various internal and external reasons. Listen to Ray explain what transpired. 

At Bitvice, we’ll keep a lookout for other anonymous peer-to-peer methods of buying/selling Bitcoin and of course, we’ll let you know what we find. 


Not your keys, not your coins.

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