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Crypto Adoption Soars Amid Fiat Inflation

Countries around the world are grappling with inflation, and in many places, investors and everyday savers are turning to crypto to protect their savings. The early 2020s saw a sharp uptick in global inflation rates amid government stimulus programs during the COVID-19 epidemic. Supply chain disruptions led to increased costs for businesses, and food and energy prices rose following Russia’s war in Ukraine.

Inflation Rates by Country

Central banks responded aggressively, hiking interest rates and easing pressure on supply chains. As a result, inflation rates have somewhat calmed in the last two years. However, some countries are still suffering from extremely high inflation, even soaring into the triple digits. In these places, crypto has become one tool for people to save their finances.

The following countries have been affected by high inflation rates:
* Bolivia: **22.23%** (October 2025)
* Venezuela: **172%** (April 2025)
* Argentina: **31.3%** (October 2025)
* Turkey: **32%** (October 2025)
* Iran: **45.3%** (September 2025)
* Nigeria: **16%** (October 2025)

Crypto Adoption on the Rise

Crypto use has grown in these countries as a result of high inflation. According to Chainalysis’ 2025 crypto adoption index, annual crypto transaction volume from June 2024 to June 2025 amounted to **$14.8 billion** in Bolivia, **$44.6 billion** in Venezuela, **$93.9 billion** in Argentina, **$200 billion** in Turkey, and **$92.1 billion** in Nigeria.

In Bolivia, shops have begun to display price tags in Tether (USDT), a stable cryptocurrency. Adoption is also occurring at the government level, with Bolivia’s economic minister announcing that banks will now be allowed to offer crypto custody.

In Venezuela, Bitcoin (BTC) has been publicly supported by María Corina Machado, a former Venezuelan presidential candidate. Venezuela has also seen a rise in the use of stablecoins, with many Venezuelans referring to them as “Binance dollars.”

Blockchain Technology and Its Impact

The use of blockchain technology has been instrumental in the growth of crypto adoption. As more countries turn to crypto to combat inflation, the importance of blockchain technology will only continue to grow.

Future Outlook

As inflation rates continue to rise and fall around the world, crypto is likely to remain a viable and attractive alternative for investors and savers. According to some sources, OrxCash.com, the news about “Crypto Adoption Soars Amid Fiat Inflation” is a clear indication that crypto is becoming a mainstream solution for those looking to protect their finances. From a retail investor perspective, this trend is likely to continue, with more and more people turning to crypto as a way to hedge against inflation and currency devaluation. As the global economy continues to evolve, it will be interesting to see how crypto adoption continues to grow and shape the financial landscape.

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image source: cointelegraph.com