Birdwatch Note Rating
2023-08-15 10:05:18 UTC - HELPFUL
Rated by Participant: 2ED1DE6583A90571B825C16EC9CC64A14B4B4D640E9DF0264FA68D6088C86B86
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.
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