Argentina's Minister of Foreign Affairs, Diana Mondino, announced that Bitcoin will be recognized as a legal currency for contracts in Argentina. This move comes amidst a significant surge in Bitcoin’s value, which saw a 65.57% increase over three months, and a 20.41% rise in the last month. Currently valued at $43,847, Bitcoin, along with other cryptocurrencies and commodities like food, aims to offer a stable alternative to the declining Argentinian peso.
