Bitcoin instead of Argentinian pesos? – Since the adoption of Bitcoin as legal tender in El Salvador on September 7, 2021, the cryptosphere is eagerly awaiting a second country fully adopts the king of cryptocurrencies as its national currency. A potential candidate for the Presidency of theArgentina might be able to, given his pro-Bitcoin and anti-fiat rhetoric.
A pro-Bitcoin candidate with a chance to be Argentina’s next president?
When we talk aboutinflationand even hyperinflation, theArgentina and its People are unfortunately well placed to know the disastrous effects on the economy. If in the European Union, inflation over 10% already worries a lot, it is nothing compared to what this Latin American country has suffered.
This generated politicians very hostile to central banks and their fiat currencies. This is the case of the economist Javier Milei. And if we are talking about him today, it is on the one hand because he seems appreciate bitcoinand on the other hand, because it would be very well put in the race for the Presidency of Argentina.
The libertarian could, indeed, have gotten up to 20% of votes in the first round, if the presidential election had taken place in a recent poll, reported by the Forbes newspaper. He could play the role “surprise outsider” against the two other favorite candidates, from much more traditional political lines.
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Javier Milei doesn’t mince his words against bankers, and he likes it
The politician seems to be of the caliber of the “talk cash”and these statements seem quite trenches, not to say thundering, compared to the usual political language of wood. He does not hesitate to openly denigrate the money prints and other actions of the central bank of his country.
Likewise, Javier Milei seems to be one of those (still rare) political figures who plebiscite bitcoin and decentralized cryptocurrencies, as possible alternative currencies at the change fiat banks :
“Let’s see first, what’s the problem?” The problem, and the first thing to understand, is that the Central Bank is a scam. (…) It is a mechanism by which politicians deceive good people by imposing a “tax by inflation”. What Bitcoin represents is the return of money to its original creator: the private sector. (…) Legal tender allows politicians to defraud you with this taxation by inflation. Bitcoin has a [code] which means that one day it will reach a certain number of units, and there are no more new ones [ndlr : 21 millions d’unités]. And what is the good thing here? It is the return of private money. (…) Bitcoin is the natural reaction against central bank scammers and to make money private again. »
A sharp speech that changes damn the usual litanies politicians. If he were to be elected, would Javier Milei really follow the path laid out by Nayib Bukele, the President of El Salvador? In any case, he may have to hurry, if he wants Argentina to be the second country to adopt Bitcoin as a currency. the Brazil has, for example, very recently made a big step in the direction of cryptocurrency payments.
Will argentina soon have a bitcoiner president like El Salvador? We wish good luck to this committed candidate! Without waiting for the elections, protect your cryptos in a Wallet Ledger. There is something for all budgets. Your security is priceless (commercial link).