在經濟動盪之際，比特幣成為阿根廷的通膨避風港

Bitcoin's Argentine Haven: A Hedge Against Inflationary Woes

比特幣的阿根廷避風港：對抗通膨困境的對沖工具

Amidst Argentina's relentless inflation and economic turbulence, Argentinians are embracing Bitcoin as a refuge, with recent data indicating a surge in cryptocurrency purchases. This trend coincides with Bitcoin's remarkable rally in recent months, eclipsing traditional inflation hedges like the U.S. dollar.

在阿根廷持續不斷的通貨膨脹和經濟動盪中，阿根廷人正在將比特幣視為避難所，最近的數據顯示加密貨幣購買量激增。這一趨勢與比特幣近幾個月的顯著上漲相吻合，超越了美元等傳統通膨對沖工具。

Bitcoin Purchases Skyrocket in Argentina

阿根廷比特幣購買量飆升

Bloomberg reports that in the first week of March alone, weekly Bitcoin purchases in Argentina spiked to 34,700, marking the highest volume in the country in 20 months. This surge, more than doubling the levels seen in early February, reflects Argentinians' growing interest and adoption of Bitcoin.

彭博社報道稱，光是 3 月第一周，阿根廷每週比特幣購買量就飆升至 34,700 枚，創下該國 20 個月來的最高交易量。這一激增是 2 月初水平的兩倍多，反映了阿根廷人對比特幣日益增長的興趣和採用。

Bitcoin's Inflation-Hedging Appeal

比特幣的通膨對沖吸引力

Bitcoin's appeal as an inflation hedge has intensified as the cryptocurrency has surged, rising over 73% year-to-date and reaching an all-time high of over $73,000. This surge stems from various factors, including the introduction of the first U.S. spot Bitcoin exchange-traded funds (ETFs) and anticipation of the upcoming halving event in April.

隨著加密貨幣的飆升，比特幣作為通膨對沖工具的吸引力不斷增強，今年迄今已上漲超過 73%，並達到超過 73,000 美元的歷史新高。這種飆升源於多種因素，包括美國首隻現貨比特幣交易所交易基金（ETF）的推出以及對四月份即將到來的減半事件的預期。

Peso's Woes Prompt Alternative Value Stores

比索的困境催生了替代價值存儲

Argentina's inflation rate, currently at 276%, has eroded the value of the peso, prompting citizens to seek alternative stores of value. Traditionally, the U.S. dollar has been the preferred choice for Argentinians seeking stability amidst economic turmoil. However, the recent strengthening of the peso, coupled with government efforts to stabilize the currency, has diminished the greenback's appeal.

阿根廷目前的通貨膨脹率為 276%，已經侵蝕了比索的價值，促使公民尋求替代的價值儲存手段。傳統上，美元一直是阿根廷人在經濟動盪中尋求穩定的首選。然而，近期比索的走強，加上政府穩定貨幣的努力，削弱了美元的吸引力。

Dollarization Remains Elusive

美元化仍然難以捉摸

President Javier Milei's administration has taken steps to address economic challenges, including cleaning up the central bank's balance sheet. While Milei campaigned on a promise to dollarize Argentina's economy, his approach since taking office has focused on managing the peso's valuation rather than immediate dollarization. He has also suggested that full dollarization remains a distant prospect.

哈維爾·米萊總統的政府已採取措施應對經濟挑戰，包括清理央行的資產負債表。儘管米雷在競選時承諾將阿根廷經濟美元化，但他上任以來的做法一直專注於管理比索的估值，而不是立即美元化。他也表示，全面美元化仍然是一個遙遠的前景。

Decline in Traditional Asset Demand

傳統資產需求下降

The shift towards Bitcoin as an inflation and economic uncertainty hedge has also led to a decline in demand for traditional assets, including digital tokens tied to real-world currencies like USDT and USDC.

將比特幣作為通膨和經濟不確定性對沖工具的轉變也導致了對傳統資產的需求下降，包括與 USDT 和 USDC 等現實世界貨幣掛鉤的數位代幣。

Cryptocurrency Interest Driven by Economic Instability

經濟不穩定推動加密貨幣興趣

Argentina's history of economic instability, marked by frequent currency devaluations, poses challenges for residents in saving and managing finances. This has fueled interest in cryptocurrency in the country, driven by the desire to mitigate the effects of peso devaluation, high inflation, and limitations on accessing foreign currencies.

阿根廷歷史上經濟不穩定，貨幣頻繁貶值，為居民儲蓄和管理財務帶來了挑戰。由於希望減輕比索貶值、高通膨和獲取外幣的限制的影響，這激發了該國對加密貨幣的興趣。