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<div class="cryptonews"> 
 <p class="is-style-lead">Bitcoin (BTC) has reached its peak in Argentina after a pro-Bitcoin <a rel="noopener noreferrer nofollow" title="candidate" href="https://thebittimes.com/tag/candidate.html">candidate</a> won the primary election in the country.</p> 
 <p>On Aug. 13, Javier Millei, a libertarian <a rel="noopener noreferrer nofollow" title="candidate" href="https://thebittimes.com/tag/candidate.html">candidate</a> representing the political party Freedom Advances, took first place in the primary elections in Argentina.</p> 
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 <p>As he won, most of the assets in the market including the Argentinean peso dropped. Meanwhile, Bitcoin became the top 1 <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency in Argentina.</p> 
 <p>On Aug. 16, Bitcoin reached an all-time high value in the country. It was worth 10.2 million Argentinean pesos, according to CoinGecko.</p> 
 <h2 class="wp-block-heading" id="bitcoin-in-argentina">Bitcoin in Argentina</h2> 
 <p>The economic situation in Argentina is passing through a complex moment. The country has one of the highest inflation levels in the Latin American continent and the world. According to Trading Economics, Argentina registered a level of inflation of 113.4 for July. </p> 
 <p>Due to the loss of value of the local currency known as the Argentine Peso and the high level of inflation, Argentinean citizens are looking to save and invest their income in new types of assets like <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies and Bitcoin.</p> 
 <p>According to Statista, Argentina currently stands in the top 10 of the countries with more <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency holders in the world, nearly 26% of the population holds <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency in the country.</p> 
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Bitcoin reaches ATH in Argentina as pro-crypto candidate wins primaries

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