In Bolivia, as of June 27, 2025, an economic crisis is driving citizens towards cryptocurrencies. The International Monetary Fund (IMF) projects inflation to reach 15.8% in 2025, with GDP growth at 1.1%. This has led to increased adoption of Bitcoin and stablecoins like Tether to protect savings and facilitate transactions.
The Bolivian government has authorized the state energy firm YPFB to use cryptocurrency for fuel payments. This decision aims to address fuel shortages and stabilize the economy. The general elections are scheduled for August 17, 2025.
President Luis Arce withdrew from the 2025 presidential race due to declining poll numbers. This political shift further intensifies the situation. The adoption of cryptocurrencies is a significant trend as citizens seek financial stability.