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# Why the crypto crash hits different in Latin America
- URL: https://werd.io/why-the-crypto-crash-hits-different-in-latin-america/
- Published: 2022-06-16T17:42:02.000Z
- Updated: 2022-06-16T17:42:02.000Z
- Author: Ben Werdmuller
- Tags: #Import 2025-06-13 09:23

“As the Venezuelan economist Aarón Olmos of the Institute of Higher Administrative Studies (IESA) told Rest of World, people in Latin America began turning to crypto as a way to circumvent their unstable or stagnant economies. He said that in surveys he ran with crypto users in Venezuela, the most common response was, “I would rather have a digital asset whose price goes up and down than a currency whose only real trend is down, thanks to the political economy.””

\[[Link](https://restofworld.org/2022/why-crypto-crash-different-latin-america/?utm%5Fsource=rss&utm%5Fmedium=rss&utm%5Fcampaign=feeds)\]