Ethereum Trends in France, Bitcoin Trends in Brazil

Sao Paulo Brasil.

Ethereum was apparently trending in French twitter according to Alistair Milne, a bitcoin investor. We couldn’t verify this ourself, suggesting it was a brief trend or a personalized one, but Neto Guaraci, a Brazilian journalist, reports bitcoin has been trending in Brazil for weeks. For two weeks in a row, Bitcoin is the main topic on Brazilian Twitter with more than 122 thousands tweets. But why is bitcoin booming in the giant South American country? One word: inflation. After two decades of one digit inflation, for the first time the price of food is growing at an astonish rate. Rice is up 41%, milk 30%, beans 34% with official figures showing food prices are up 15% in general. The Central Bank of Brazil has printed trillions last year while also maintaining the interest rate at the lowest level in history. The Brazilian deficit is getting dangerously close to 100% of…

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