In a context of high levels of inflation in Argentina (60.7% year-on-year), saving in pesos is not usually the best option. Investing in fixed terms in local currency allows to mitigate part of the inflationary effect, but not in its entirety. So, the loss of value of the peso forces us to look for new alternatives, to generate better returns.
Given this situation, many Argentines are choosing to invest in the world of cryptocurrencies to beat inflation. They offer a wide range of options, with different levels of risk.
The exchange rate in Argentina made buying Dollars be more and more difficult. Among so many exchange rates, the alternative of buying crypto-dollars emerged: USDT, USDC and DAI are some of the cryptocurrencies that maintain a 1:1 parity with the US currency.
The purchase of these crypto-dollars It can be done easily in pesos through exchanges (exchange houses) such as Decrypto.la. In minutes and at no cost you can create an account, transfer pesos from any bank account in your name and buy USDT, USDC or DAI.
Another alternative is the possibility of investing the crypto-dollars, to generate returns passively. In this way, in the same exchange, cryptocurrencies can be put to work at an interest rate of 9% per year. This investment instrument works similar to a fixed term, but with the difference that there are no blocking periods (you can dispose of your cryptocurrencies at any time). The risk of this investment is low and it allows converting 1,000 USDT into 1,188 USDT after 2 years.
Finally, for those who are more risk averse and have a longer time horizon, investing in volatile cryptocurrencies is a great option. The sharp drop in the price of Bitcoin and the rest of the market caused most of these assets to be between 70% and 80% below their historical maximum price (if these values were to be reached again, the investment would be multiplied by 4 or 5 dollars).
It is important that in these cases the investor analyzes well before investing in any crypto, since not all projects will last over time. Due to its characteristics, Bitcoin is seen by experts as the least risky of all volatile cryptocurrencies.
Since the start of the pandemic in March 2020, when governments started issuing large amounts of money, Bitcoin has multiplied 5 times its value in dollars. An investment of USD 1,000 would be approximately USD 5,000 today, even though we are far from the historical maximum prices. “Bitcoin has shown that in the long term it is a great alternative to store value,” added Axel Becker, content manager at Decrypto.la
Content Manager at Decrypto.la @cryptobecker
Source: Ambito
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