Strike'sBitcoin Wallet went live in Argentina last week.
Jack Mallers took to social media to update on its progress. He said Strike Wallet is now the number one new app, number five financial app, and number thirty-sixth overall app in the country.
Mallers calledBitcoin the best monetary network in human history. The disruption of traditional finance is well underway, according to a report.
Mallers spoke to CNBC last week about the Fed's loose monetary policy, calling for its stance onBitcoin as a financial disruptor.
Mallers says that this is directly responsible for the economic situation we are currently facing and is directly responsible for the trillions printed over the last two years or so. We can only rely onBitcoin, not the NFTs or gold, to protect ourselves from what is coming, if you take that into account.
The Fed and the government said a lot of things were lies. It is really ridiculous that the Federal Reserve has perverted risk tolerance across all assets, no one knows the cost of anything and it is seriously jeopardizing the middle and lower class in particular the case forBitcoin in Argentina.
There is already higher prices here. The Fed reluctance to raise rates in accordance with the reported 7% U.S. inflation rate may cause hyperinflation down the line, given the Fed's reluctance to raise rates.
This is a story that is all too familiar to Argentinians who have been living with high inflation since the early 2000s.
Mallers states Strike's expansion plan into Argentina was driven by the dire situation faced by locals. By providing near feelessBitcoin transactions via the Lightning Network, Argentinians have the choice of opting out of the chaos.
It appears as though many are going this route because of Strike Wallet's uptake last week.
Is Argentina going to legislate BTC as a legal tender?
As reported by Fidelity, more sovereign nations will join El Salvador in legislatingBitcoin as legal tender in 2022.
Speculation seems to focus on the Latin American region, and with Strike moving into Argentina, is this a case of 1 1 2?
Mallers refuses to be drawn into naming a country, instead he said his primary focus is on improving the world.
Max Keiser, who spoke with Stansberry Research last week, said that the real domino effect would happen if a G 7 country takes the Orange Pill.