Trump's Crypto Renaissance Could Accelerate Latin American Adoption, Experts Say - Decrypt
decrypt.co
Donald Trump's election victory and promised crypto-friendly policies could accelerate digital asset adoption in Latin America, where stablecoins and Bitcoin already serve as inflation shields and remittance channels for millions, experts say.
Regional exchanges are reporting a spike in crypto acti
1 Users
0 Comments
5 Highlights
0 Notes
Summary
- 🇺🇸💰 Trump's election victory and pro-crypto policies could boost digital asset adoption in Latin America, where Bitcoin and stablecoins are already popular for inflation protection and remittances.
- 📈 Regional exchanges are experiencing increased crypto activity as Trump's stance resonates in inflation-stricken economies, with over $85 billion in annual crypto transactions reported.
- 🏦 Experts believe Trump's presidency could catalyze institutional adoption and cross-border crypto flows, enhancing the market's growth potential.
- 🇦🇷 In Argentina, Bitcoin trading volumes surged by 160% in October and over 400% in 2024, driven by citizens seeking refuge from currency devaluation amid rising poverty rates.
- 🇻🇪 Venezuela exhibits similar trends, with over 92% of crypto transactions occurring on centralized exchanges as citizens look for alternatives to the struggling bolivar.
Top Highlights
- Donald Trump's election victory and promised crypto-friendly policies could accelerate digital asset adoption in Latin America, where stablecoins and Bitcoin already serve as inflation shields and remittance channels for millions, experts say. Regional exchanges are reporting a spike in crypto activity as the President-elect's pro-Bitcoin stance r...
- The president-elect's pledge to establish a national Bitcoin reserve and ease regulatory burdens arrives as Latin America emerges as a key growth market, processing over $85 billion in crypto transactions annually, according to Chainalysis data. Regional players see Trump's win as a potential catalyst for increased institutional adoption and cross...
- “Trump's second term in the White House could further boost the crypto market, giving room for further appreciation,” Sebastian Serrano, CEO of Argentina-based exchange Ripio, said in statements shared by Cointelegraph. “We are observing a decisive period for Bitcoin and the cryptocurrency market as a whole.”
- The implications could be particularly significant for countries battling currency instability. In Argentina, where the poverty rates spiked to over 53% under Milei’s libertarian administration, Bitcoin trading volumes surged 160% in October—and more than 400% in 2024— as users sought refuge from devaluation. Venezuela shows similar patterns, with...
Domain
Ready to highlight and find good content?
Glasp is a social web highlighter that people can highlight and organize quotes and thoughts from the web, and access other like-minded people’s learning.