Michael Saylor, the co-founder and executive chairman of MicroStrategy, recently emphasized the importance of Bitcoin as a hedge against inflation and financial instability for Argentinians facing a challenging economic climate. Argentina is struggling with soaring inflation rates, which have led to an erosion of salaries and spending power, with nearly 40% of the population living in poverty.

Saylor, an ardent Bitcoin advocate, tweeted on April 22, 2023, that if you live in Argentina right now, you need Bitcoin. MicroStrategy had invested $4.17 billion in Bitcoin, acquiring 140,000 bitcoins as a primary treasury reserve asset.