Bitcoin is quoted with a prize in Argentina, with a bitcoin that costs $ 35,000 more than the global price due to the country’s rampant inflation and the strict capital controls.
A bitcoin is $ 35,000 more expensive in Argentina than anywhere else in the world, according to the price data of two of Argentina’s largest cryptographic exchanges.
Ripio, which has 4.5 million users, says that the current purchase price of Bitcoin is 13,800,000 ARs. The selling price has a difference of one million ARs, or $ 5,000, with 12.8 million air.
Your nearby competitor, Buenbit, says you can buy a bitcoin for ARS13,738,800.00, or $ 62,000. Bitcoin’s current global price is $ 27,000.
This is the greatest cousin we saw in amounts of dollars; Therefore, to validate, we ask some Argentine Cryptonians who have confirmed that a bitcoin is currently quoted for about 14 million air.
This is because the official exchange rate between USD and ARS is not the market rate. On the other hand, it is only available to employees in the middle of the current market rate of 483.00 air per blue, as Argentines call the real exchange rate to USD.
The officer, Dollar Banco Nacional (Dollar BNA) is in 218, according to Ambitio, a financial newspaper in Argentina.
The tokenized dollar, such as USDT or USDC, is even more expensive than the market rate for 502 ARs per token, according to Buenbit.
The reason is presumably because you can transfer USDT or USDC much easier than money in cash or dollars.
Argentina has rigid capital controls with any individual capable of buying only $ 200 from USD and requires permission to transfer it out of the country. Similarly, companies must obtain authorization from the Central Bank of Argentina to access the exchange markets.