As inflation rockets past 280% and the peso collapses, Argentines aren’t waiting to become the next Venezuela—they’re racing into crypto, with brutal consequences.
The Runaway Train
- Peso = Toilet Paper: Workers demand salaries in USDT as banknotes lose value hourly
- Crypto Tax Trap: Government slaps 15% capital gains tax… while secretly mining Bitcoin
- Black Market 2.0: Stablecoin premiums hit 40% as banks block dollar purchases
A Buenos Aires butcher now prices meat in BTC: "Last week’s quote expires in 3 hours. Only crypto keeps up."
Dollarization Gone Wrong
Milei’s dollar dreams crashed into reality:
- Banks Won’t Play: Limit dollar withdrawals to $200/month
- Crypto Casas Emerge: Storefronts trade USDT for pesos under police radar
- Salary Roulette: Companies pay half in crypto, half in worthless pesos
The Venezuelan Playbook Returns
- P2P Surveillance: AFIP taxes Binance transactions after tracking Telegram groups
- Crypto Protests: #NoAlCryptoImpuesto rallies turn violent
- Dual Economy: Officials denounce crypto while buying mining rigs
The Coming Disaster
- Stablecoin Runs: Mass USDT sell-offs could implode local exchanges
- Hyperbitcoinization: Remote workers flee pesos entirely, collapsing tax base
- Crackdowns: IMF demands crypto bans in exchange for bailouts
Argentina isn’t becoming Venezuela—it’s inventing something worse.
