Here’s a simple breakdown of what’s happening in Bolivia and why crypto is booming there:
💸 Inflation and Shortages Push Bolivians Toward Crypto
In cities like Cochabamba, people are using cryptocurrency more than ever. Why? Because Bolivia is facing serious money problems:
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Inflation is the worst it’s been in 40 years.
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Fuel shortages are causing long lines at gas stations.
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The local currency has lost almost 50% of its value this year.
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The government supports an official exchange rate, but many don’t trust it anymore.
🔐 Why Crypto? It's Safer and More Stable
As the economy struggles, more Bolivians are using stablecoins like USDT (Tether) to buy everyday things.
You can now find:
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Beauty salons offering Bitcoin discounts
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Street vendors using Binance for payments
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Shops pricing goods in USDT, including electronics and even snacks like Cadbury and Milka
People feel crypto is safer and holds its value better than the Bolivian currency.
📈 630% Growth in Crypto Use
Official data shows that in the last year:
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Bolivians made over $430 million in crypto transactions
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That's a 630% increase from before
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More than 10,000 official transactions were recorded by May 31, 2025
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Most users are everyday people, especially men
And this doesn’t even count peer-to-peer trades, which are also very popular.
🌍 Bolivia Joins a Global Trend
Bolivia isn’t alone. Other countries are also looking to crypto during hard times:
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Pakistan is planning a Bitcoin reserve
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Kazakhstan is building a CryptoCity
It’s part of a bigger shift around the world, where people and governments are using blockchain and crypto to fix money problems and avoid broken systems.
✅ Summary
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Bolivia’s economy is struggling, so people are turning to crypto and stablecoins for everyday purchases.
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Crypto use in Bolivia has grown by 630%, with $430M in transactions.
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The trend reflects how people look for stable, safe options when their national money fails.
Disclaimer: This article is only for
information and not financial advice. The opinions shared here may be the
writer’s personal views. Please do your own research before making any
investment choices. We are not responsible for any money you may lose.
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