while Bolivia prepares for a presidential runoff on October 19 between Rodrigo Paz Pereira and Jorge “Tuto” Quiroga, the real financial power is already moving in the streets.
🇧🇴 Bolivia: political crisis, crypto boom
• Inflation >20%, dollar shortage, queues for fuel and basic goods.
• Amid the chaos, bitcoin adoption grew 630% in the last year, according to the Central Bank.
• In cities like Cochabamba, businesses accept BTC as a form of payment: from beauty salons to restaurants.
💡 Why is bitcoin gaining ground?
• There is no clear legal framework, but citizens use it as real money to protect their purchasing power.
• BTC becomes a safety valve against the devaluation of the boliviano and the lack of foreign currency.
• Adoption does not depend on political promises, but on necessity and financial sovereignty.
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