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Published: 20/03/2024
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Author: Leexim
The Highest Bitcoin Purchases in Argentina in 20 Months
As Bitcoin skyrockets, Argentinians are diversifying their savings, exploring investment options as a hedge against inflation after years of relying on the dollar.
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Faced with outstanding inflation of up to 276% in Argentina, individuals are gradually turning towards Bitcoin as a means of protecting their assets instead of the traditional option of exchanging pesos for dollars. The change marks a break with a long-standing tradition that has made Argentina a leading destination for dollarization amid economic uncertainty.
Bitcoin purchases in Argentina hit a 20-month high at Lemon, a popular local cryptocurrency trading platform. The increase reflects a growing trend of Argentines seeking financial stability amid an economic downturn and one of the highest inflation rates in the world.
Traditionally, converting pesos to dollars was considered a way to prevent economic fluctuations, but now this method is no longer as popular as before. This change coincides with a 10% increase in the commonly used exchange rate against the dollar. In contrast, Bitcoin has gained nearly 60% against the greenback over the same time period.
Lemon exchange recorded a significant increase in customer transactions, with nearly 35,000 Bitcoin purchases made in the week ending March 10, double the weekly average in the previous year. Similar trends were observed at other major exchanges in Argentina, such as Ripio and Belo.
Bitcoin Argentina
Bitcoin Argentina
A key factor that has contributed to the peso’s recent strength is Milei’s tight control over the money supply, preventing its expansion while the central bank replenishes US dollar reserves.
Exchange USD for BTC
Meanwhile, according to Manuel Beaudroit, CEO of digital wallet Belo, Bitcoin and Ether trading volume increased tenfold in 2024 compared to the same period last year. He highlighted that the share of purchases of stablecoins, often linked to currencies such as the US dollar, has dropped from 70% to 60% as Bitcoin’s rally attracts more investors.
Related: MicroStrategy Holds Over 1% of Total Bitcoin Supply
“Users tend to buy Bitcoin when they see its value increase, while stablecoins are often used for physical transactions and international payments,” Beaudroit explained. With Bitcoin’s continued growth, Argentines are now diversifying their savings, exploring investment opportunities to hedge against inflation after years of relying on dollar-denominated savings.
The government has also supported investing in cryptocurrencies. In December 2023, the Argentine government announced tax incentives for declaring their cryptocurrency holdings.
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Published: 20/03/2024
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Author: Leexim
Liverpool FC Leads the Way in Utilizing AI for Tactical Analysis
Liverpool FC employs cutting-edge AI technology with TacticAI to enhance their corner kick strategies, achieving an impressive 78% goal accuracy rate, as evidenced by data from 7,176 Premier League corner kicks.
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Liverpool FC, a famous English football team, is at the forefront of applying Artificial Intelligence (AI) technology to improve its playing strategy. Working with Google DeepMind, the club introduced TacticAI, an advanced system developed to analyze and optimize corner kick situations, and change the way modern football is played.
TacticAI marks an important step forward in using machine learning to gain a deeper understanding of strategy, especially focusing on corner kick situations. With meticulous data from more than 7,000 corner kicks during the Premier League season, the system has been trained to predict the ball’s trajectory with up to 78% accuracy.
Using Artificial Intelligence prediction and synthesis algorithms, TacticAI goes beyond traditional predictions. By evaluating many factors such as player position, defensive weaknesses and offensive strength, the system recommends tactics that experts rate up to 90% higher than traditional strategies.
Liverpool Fc
Liverpool FC
Although originally developed for corner kick situations, TacticAI’s versatility extends beyond its original scope. DeepMind imagines its potential application in many other aspects of football and other team sports such as hockey or basketball, as highlighted by Petar Veličković, a researcher at Google DeepMind.
Pioneering innovation in sports technology
Pioneering the application of TacticAI, Liverpool FC demonstrates the advanced intersection of sports and technology, opening a new precedent that may be emulated by other teams. Despite many skeptics, TacticAI’s effectiveness and potential have laid the foundation for a new era in sports analysis and strategy development.
With TacticAI at the forefront, the future of football increasingly depends on technological advancement. As football teams compete for superiority, the integration of AI analytics promises to change the way the game is promoted. Whether it is optimizing fixed situations or adjusting comprehensive strategies, the potential of AI in sports is unlimited.
Liverpool Ai
Liverpool Ai
Harness AI to create competitive advantage
In the fiercely competitive environment of professional sports, innovation and excellence have no limitations. Liverpool FC, by using TacticAI, shows a progressive mindset that aims to stay ahead of the trends. As other teams begin to adopt similar technologies, the AI-driven era of sports analytics is poised to revolutionize the way teams approach tactical decision-making.
Related: Scotty the AI Unleashes Meme Power & AI Utility
Despite reservations from traditionalists, the integration of AI into football represents a natural progression towards leveraging data to enhance performance. As TacticAI continues to improve and expand its applications, its impact could change football. Liverpool FC and other football teams, by embracing this technological development, usher in a future where innovation and tradition converge on the pitch.
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