# Peruvians Are Buying Crypto to Hedge Against Inflation and Political Instability

> Peruvians are increasingly buying cryptocurrency as a store of value amid rising inflation and political turmoil, according to the article. Crypto exchanges such as Buda.com report rapid growth in trading volume, and several new exchanges have entered the country in the last two years.

- Date: 2022-08-31 · published 2022-08-31T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/40322-peruvians-are-buying-crypto-to-hedge-against-inflation-and-political-instability
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Demand for crypto as a hedge against the sol's weakness does not directly move feed commodity supply, demand or prices, so the effect on feed buyers is negligible.

## Sources

- coindesk.com: https://www.coindesk.com/es/business/2022/09/01/peruvians-are-buying-crypto-to-hedge-against-inflation-and-political-instability

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.