Countries experiencing high inflation are increasingly turning to cryptocurrencies as alternative stores of value. According to Chainalysis data, from July 2024 to June 2025, Turkey's crypto trading volume reached $200 billion amid local inflation of approximately 32%. Argentina saw $93.9 billion in crypto transactions with inflation around 31%, while Nigeria recorded $92.1 billion with inflation at 16%. Venezuela and Bolivia also reported significant crypto activity, with volumes of $44.6 billion and $14.8 billion, respectively, amid inflation rates exceeding 170% and 22%. Despite a global decline in inflation, cryptocurrencies remain a viable alternative in economies with unstable local currencies.