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Let it not be forgotten that before El Salvador adopted Bitcoin as legal tender in September2021, it was Argentina that seemed the most receptive and interested in Bitcoin, not least because of the country’s seemingly omnipresent inflation rate. According to Statista, the peso’s inflation rate for 2024 is a whopping 250% and has been rising annually for the past seven years from 25% in 2017. In October2011, under the presidency of Cristina Fernández de Kirchner, Argentina introduced strict currency controls, making it very difficult for citizens to obtain U.S. dollars, the go-to hedge against the Argentine peso’s inflation. Consequently, alternatives such as Bitcoin were naturally attractive to Argentinians who no longer had the easy option of acquiring dollars and wanted to protect their savings. This interest in Bitcoin is likely to increase even further after the election victory of the unorthodox Javier Milei in December2023, who has advocated for radical action to sort out the country’s economy.