Birdwatch Note Rating
2023-08-15 10:56:49 UTC - HELPFUL
Rated by Participant: 0D9F7863F76248ECD6DB39348F85D19DD1DB0997B6FE49DD221B3DF65F665BDA
Participant Details
Original Note:
The Argentine peso (ARS) has seen severe inflation for years: https://en.wikipedia.org/wiki/Argentine_peso https://www.xe.com/currencycharts/?from=ARS&to=USD&view=10Y The claimed "new all-time high" is due to an overnight 18% devaluation of the peso: https://www.reuters.com/markets/currencies/argentina-raises-interest-rate-devalues-peso-after-shock-primary-election-2023-08-14/ Thus, this price record is more so indicative of the poor performance of the peso, rather than the performance of Bitcoin.
All Note Details