Cryptocurrency has become a "safe haven" for countries with high inflation
According to Chainalysis, the use of crypto assets as a means to preserve funds is rapidly growing in countries with accelerating inflation.
From July 2024 to June 2025, the volume of cryptocurrency transactions was:
• Turkey — $200 billion at an inflation rate of ~32%;
• Argentina — $93.9 billion at an inflation rate of ~31%;
• Nigeria — $92.1 billion at an inflation rate of 16%;
• Venezuela — $44.6 billion at an inflation rate of >170%;
• Bolivia — $14.8 billion at an inflation rate of ~22%.
The data shows: the stronger the national currency falls, the more actively people turn to cryptocurrency to preserve value.
According to Chainalysis, the use of crypto assets as a means to preserve funds is rapidly growing in countries with accelerating inflation.
From July 2024 to June 2025, the volume of cryptocurrency transactions was:
• Turkey — $200 billion at an inflation rate of ~32%;
• Argentina — $93.9 billion at an inflation rate of ~31%;
• Nigeria — $92.1 billion at an inflation rate of 16%;
• Venezuela — $44.6 billion at an inflation rate of >170%;
• Bolivia — $14.8 billion at an inflation rate of ~22%.
The data shows: the stronger the national currency falls, the more actively people turn to cryptocurrency to preserve value.