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The Breakdown

Where Bitcoin Fits as Argentina Faces a Dollar Shortage and 100%+ Inflation

The Breakdown

Blockworks

Investing, Business

4.8806 Ratings

🗓️ 24 April 2023

⏱️ 20 minutes

🧾️ Download transcript

Summary

Argentina has one of the highest inflation rates in the world, which some economists are estimating at 133% or more. The Argentine Peso also has one of the highest interest rates in the world. On this episode, NLW discusses recent turmoil at the central bank and where some Argentinian bitcoiners think Bitcoin fits into the solution.    Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribeto the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW “The Breakdown” is written, produced and hosted by Nathaniel Whittemore aka NLW. Research is by Scott Hill. Editing is by Rob Mitchell and Kyle Barbour-Hoffman. Our theme music is “Countdown” by Neon Beach.

Transcript

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0:00.0

based on the infrastructure in place and based on the politics as they are in Argentina.

0:04.5

Some mass shift to a Bitcoin system just isn't in the cards. But at the same time, he points out

0:09.9

that he saves in Bitcoin. And when we think about the innovation of Bitcoin and the power

0:15.4

of Bitcoin, the idea that there are people like Mara and probably people who are close to him,

0:20.4

who know him,

0:21.1

who run in his same circles, for those folks to be able to opt out or at least hedge against,

0:26.4

an insecure monetary regime that they have to participate in only by accident of birth

0:30.2

is tremendously different than what it was like before Bitcoin existed.

0:35.5

Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin,

0:42.3

and the big picture power shifts remaking our world. What's going on, guys? It is Monday, April 24th,

0:52.2

and today we are discussing Argentina and the emerging economic crisis,

0:57.7

or really the continuing economic crisis, that is unfolding there right now.

1:02.4

Now, before we dive in, a quick note. First, if you are liking to break down, I would so

1:07.5

appreciate it if you would leave it a five-star rating or a review. It makes a huge

1:11.2

difference and really helps new people discover the show. Second, if you want more big picture

1:16.2

power shift content, go check out the Breakdown Network's other new shows. We've got Bitcoin

1:21.0

Builders and the AI breakdown, both of which you can find by going to breakdown.network.

1:26.8

Third, if you want to get deeper into the

1:28.3

conversation, come join us on the Breakers Discord. It is an awesome and growing community, and we would

1:33.2

love to have you. Bit.L.L.S. Breakdown pod to find it. Lastly, I've just announced that we've

1:39.3

rebooted the breakdown newsletter. Each weekday morning, it will be the five most interesting or important

1:45.0

stories in Bitcoin, crypto, and macro, and you can find that at Breakdown. B-H-I-I-I-V.com, and I'll

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