{"id":30638,"date":"2020-10-23T19:37:55","date_gmt":"2020-10-23T16:37:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30638"},"modified":"2025-08-27T23:17:55","modified_gmt":"2025-08-27T20:17:55","slug":"bitcoin-hits-record-high-in-brazilian-real-and-argentine-peso-pairs","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-hits-record-high-in-brazilian-real-and-argentine-peso-pairs\/","title":{"rendered":"Bitcoin hits record high in Brazilian real and Argentine peso pairs"},"content":{"rendered":"<p>The price of the first cryptocurrency reached an all-time high in pairs with Brazil&#8217;s real and Argentina&#8217;s peso. Economist Julio Moreno noted this.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> price in different currencies and % of all-time high.<br \/>\nNew all-time high for Bitcoin in Brazilian Reals and Angentine pesos. <a href=\"https:\/\/t.co\/4c1FDRJa1u\">pic.twitter.com\/4c1FDRJa1u<\/a><\/p>\n<p>\u2014 Julio Moreno \ud83d\udd34\ud83d\udd34\ud83d\udd34\ud83d\udd34 (@jjcmoreno) <a href=\"https:\/\/twitter.com\/jjcmoreno\/status\/1319383209751228416?ref_src=twsrc%5Etfw\">October 22, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>User Greedy noted that since 2017, when BTC reached $20 000, the BTC\/ARS rate has risen by 525%.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p dir=\"ltr\" lang=\"en\">Argentina actual price is 2.5M<\/p>\n<p>When BTC reached 20k in USD back in 2017, BTCARS was worth less than 400,000. That is 525% since then. <a href=\"https:\/\/t.co\/ryz8Wt96zW\">pic.twitter.com\/ryz8Wt96zW<\/a><\/p>\n<p>\u2014 Greedy \ud83d\udd34 (@Camo87586449) <a href=\"https:\/\/twitter.com\/Camo87586449\/status\/1319588657674784768?ref_src=twsrc%5Etfw\">October 23, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to TradingEconomics, Argentina&#8217;s inflation rate in September stood at 36.6%.<\/p>\n<div id=\"attachment_114266\" style=\"width: 731px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-114266\" class=\"wp-image-114266 size-full\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-323.png\" alt=\"Bitcoin reaches price highs in BTC pairs with Brazilian real and Argentine peso\" width=\"721\" height=\"391\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-323.png 721w, https:\/\/u1f987.com\/wp-content\/uploads\/2-323-300x163.png 300w\" sizes=\"auto, (max-width: 721px) 100vw, 721px\" \/><\/p>\n<p id=\"caption-attachment-114266\" class=\"wp-caption-text\">Data: <a href=\"https:\/\/tradingeconomics.com\/argentina\/inflation-cpi\" target=\"_blank\" rel=\"noopener noreferrer\">TradingEconomics<\/a>.<\/p>\n<\/div>\n<p>According to CoinGecko, 1 BTC is worth a little over 1 million ARS in Argentina:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-114267 aligncenter\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-190.png\" alt=\"Bitcoin reaches price highs in BTC pairs with Brazilian real and Argentine peso\" width=\"779\" height=\"496\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-190.png 779w, https:\/\/u1f987.com\/wp-content\/uploads\/3-190-300x191.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/3-190-768x489.png 768w\" sizes=\"auto, (max-width: 779px) 100vw, 779px\" \/><\/p>\n<p>However, the average price to buy BTC in pesos on the LocalBitcoins P2P platform exceeds 2 million ARS. This may indicate a substantial divergence between the official peso rate and the real market rate.<\/p>\n<div id=\"attachment_114268\" style=\"width: 1163px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-114268\" class=\"size-full wp-image-114268\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/4-117.png\" alt=\"Bitcoin reaches price highs in BTC pairs with Brazilian real and Argentine peso\" width=\"1153\" height=\"692\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/4-117.png 1153w, https:\/\/u1f987.com\/wp-content\/uploads\/4-117-300x180.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/4-117-1024x615.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/4-117-768x461.png 768w\" sizes=\"auto, (max-width: 1153px) 100vw, 1153px\" \/><\/p>\n<p id=\"caption-attachment-114268\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/localbitcoins.com\/instant-bitcoins\/?action=buy&#038;amount=&#038;currency=ARS&#038;country_code=AR&#038;online_provider=ALL_ONLINE&#038;find-offers=%D0%9F%D0%BE%D0%B9%D1%81%D0%BA\" target=\"_blank\" rel=\"noopener noreferrer\">LocalBitcoins<\/a>.<\/p>\n<\/div>\n<p>The price of Bitcoin is near highs in other Latin American countries as well \u2014 Chile, Colombia \u2014 and also in South Africa and Russia.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-114269 aligncenter\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/5-75.png\" alt=\"Bitcoin reaches price highs in BTC pairs with Brazilian real and Argentine peso\" width=\"400\" height=\"681\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/5-75.png 400w, https:\/\/u1f987.com\/wp-content\/uploads\/5-75-176x300.png 176w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/p>\n<p>At the time of writing, bitcoin trades about 35.6% below its late-2017 all-time high in USD terms.<\/p>\n<div id=\"attachment_114271\" style=\"width: 1619px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-114271\" class=\"wp-image-114271 size-full\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/image3-136.png\" alt=\"Bitcoin reaches price highs in BTC pairs with Brazilian real and Argentine peso\" width=\"1609\" height=\"244\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/image3-136.png 1609w, https:\/\/u1f987.com\/wp-content\/uploads\/image3-136-300x45.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/image3-136-1024x155.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/image3-136-768x116.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/image3-136-1536x233.png 1536w\" sizes=\"auto, (max-width: 1609px) 100vw, 1609px\" \/><\/p>\n<p id=\"caption-attachment-114271\" class=\"wp-caption-text\">Data: <a href=\"https:\/\/messari.io\/\" target=\"_blank\" rel=\"noopener noreferrer\">Messari<\/a>.<\/p>\n<\/div>\n<p>In April, interest in bitcoin in Argentina surged amid expectations of a default.<\/p>\n<p>Subscribe to the ForkLog channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of the first cryptocurrency reached an all-time high in pairs with Brazil&#8217;s and Argentina&#8217;s currencies. Economist Julio Moreno noted this.<\/p>\n","protected":false},"author":1,"featured_media":30639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[908,480,1437],"class_list":["post-30638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-argentina","tag-bitcoin-price","tag-brazil"],"aioseo_notices":[],"amp_enabled":true,"views":"42","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30638"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30638\/revisions"}],"predecessor-version":[{"id":30640,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30638\/revisions\/30640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30639"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}