Bitcoin Surges to Record Highs in Argentina, Nigeria, Turkey as Local Currencies Plummet

Bitcoin hits all-time highs in Argentina, Nigeria, and Turkey as local currencies devalue against USD.

Recent 16% Bitcoin price increase exacerbates new highs. Naira, lira, and peso near record lows vs USD.

IMF data shows highest inflation for Venezuela, Zimbabwe, Sudan, and Argentina. Nigeria and Turkey at 25% and 51%.

Crypto seen as inflation hedge. Nigeria, Turkey, Argentina have high adoption rates.

Argentina presidential election could impact inflation crisis. Candidates divided on cryptocurrency and central banking.