Brazil: Highest Inflation in 4 Years Propels Bitcoin Volume to Record Highs91.2

The inflation rate in Brazil, the world’s ninth largest economy, spiked to its highest level in four years, driving more people to Bitcoin, as indicated by the recent rise in Bitcoin trading volumes.

President Jair Messias Bolsonaro took office on January 1, 2019. Since then, Brazil’s inflation rate has shown an upward trend. The Rios Times writes,

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