According to Bitcoinist, the economic woes are driving bitcoin trading, especially in Latin America. According to LocalBitcoins, countries such as Chile, Colombia, Peru, Brazil and Argentina have seen strong transactions in the past few weeks. Recently, Mexico was threatened by the US trade war. These threats have now subsided after Mexico agreed to take action to prevent Central American immigrants from flowing into the United States. It is worth noting that although Brazilian President Jair Bolsonaro said he knows nothing about Bitcoin, Brazil still maintains a record of the most bitcoin transactions in Latin America in a single day.