Share this article
WATCH: Athena's Bitcoin ATM Business Blooms in Argentina
Argentina's economic woes have led to a rise in crypto adoption. We talk to Athena Bitcoin, one of the biggest crypto ATM networks in the country.
By John Biggs
Updated Sep 13, 2021, 11:32 a.m. Published Oct 7, 2019, 11:00 p.m.
Make us preferred on Google
https://www.youtube.com/watch?v=L-ZdJ5HNX-w&feature=youtu.be
In this edition of CoinDesk On Location reporter Diana Aguilar talks to Dante Galeazzi, country manager for Athena Bitcoin in Argentina. Athena is one of the first and biggest crypto ATM networks in the country. Athena has become a lifeline for many refugees and the ability to buy and sell bitcoin - and send it to other countries in Latin America - is picking up steam.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Galeazzi talks about the rise of the machines in Argentina and walks our reporter through the process and how the company localized the experience for the Argentine market.
More For You
Bitcoin could fall to $10,000 as U.S. recession risk builds, Mike McGlone says
McGlone links bitcoin’s downturn to record U.S. market cap-to-GDP levels, low equity volatility and rising gold prices, warning of potential contagion into stocks.
What to know:
- Bloomberg Intelligence strategist Mike McGlone warns that collapsing crypto prices and a potential bitcoin slide toward $10,000 could signal mounting financial stress and foreshadow a U.S. recession.
- McGlone argues the post-2008 "buy the dip" era may be ending as crypto weakens, stock market valuations sit near century highs relative to GDP, and equity volatility remains unusually low.
- Market analyst Jason Fernandes counters that a drop to $10,000 bitcoin would likely require a severe systemic shock and recession, calling such an outcome a low-probability tail risk compared with a milder reset or consolidation.
Top Stories
