Topic: Argentina's Leading Presidential Candidate Preaches Bitcoin - page 2. (Read 381 times)

I believe that in time, countries hit by hyperinflation will go into extreme measures to stay afloat. Pretty much like Venezuela tried to do with Petro. I don't know if it's good for bitcoin because if they fail they'll blame that on bitcoin and at least half of them will fail because the root of the problem is not their fiat currency but politicians and debt.


You rely to much on past performance trying to predict the future. It's like trying to predict someone's marathon run by using his time from a similar event 2 years ago. This doesn't mean anything.
Sure, there was a mini bull run in 2019, but it wasn't there in 2014 or 2015. If past performance is an indicator, why is it that in 2017 bitcoin rose 20x and in 2021 only 2.5x from the last ATH?

It appears many nations around the world are attempting to boost local economies by rolling out measures to attract digital nomads and cryptocurrency whales.

Even if el salvador's crypto mainstream adoption isn't progressing well. Is it possible they have succeeded in attracting crypto whales to reside within their borders? A feat which argentina is now attempting to duplicate.

Capital flight is a big concern in this day and age. Many nations have recently passed laws to limit influx of capital outside of their borders. On the opposite end of the spectrum, many nations are currently attempting to do the opposite by taking steps to invite an influx of capital inside of their borders.

World leaders have to take note of crypto exchanges having billions at their disposal. How much were FTX and SBF worth in tax revenues at their peak? Leaders of the world have to see a potential for attracting and taxing crypto wealth as emerging markets. Its simply the smart play.

i am also thinking that way. maybe he wants to use this marketing campaign to get more votes from his people. definitely, they will still need the services of their Central Bank. he should not play a game that will possibly throw dirty laundry to his government by saying something negative. for sure, he still owns at least one bank account. if he is saying such statement, he should make sure that he doesn't own any money from those banks.

In my opinion it is just a political approach to getting ahead of his competition by adding something extra to his election campaign. Though I am not a guy who cares about politics or barely understands the political game, but his approach against central banks makes me think of this.

I don't think any president or government don't want to block his way of getting people's money. That is some trap for sure -

No, not the next bull run but the next cycle is near. So this means the bearish market is preparing to take a transition but this does not mean an instant transition, it will go through ups and downs and majorly sideways before breaking out and starting an uptrend.

It is good to know that the Leading Presidential Candidate of a nation is preaching about Bitcoin but still we still don't know what he will do when he won the presidency.  The political candidate often tackles an issue that is a hot subject for the masses and go along with them just to create an additional audience to support their candidacy.  I will never believe anything a politician say until he did it.

It IS complicated...! but above all it is pure and simplistic demagogy.

Of course this news has the "varnish" of giving shine to a growing idea in the bitcoin premises that everyone likes, but ideals do not always lead to actions.

On the other hand, Argentina is one of those countries with a long history in the use of cryptocurrencies, but perhaps what is relevant and what few know is that there are many Argentine entrepreneurs who have achieved success in the cryptographic environment.

And although they maybe stay away from "these" politicians, it is never read that they even approach or refer to people with experience in the subject, essential to avoid making "mistakes" if it can be said that El Salvador, being a pioneer, deserves call them mistakes when it was the first.

In any case, for the IMF and the group of countries that do not wish to lose their monetary control, they must be analyzing or turning to look at their speech, these comments from some politicians about bitcoin are no longer left behind as was the case a few years ago.

He will not because all those ideas are probably just thrown around to get him elected, just like make America great again and drain the swamp chants.
He is the same kind of politician, be it far left or far right that uses subjects that are appealing to voters, abortion, fighting against the system, climate, and then in 8 years just like the other guy you mentioned you will see he has done nothing but talk.
And sometimes, he talks a bit too much:
https://www.infobae.com/teleshow/paso-en-la-tv/2018/06/24/javier-milei-experto-en-economia-trios-sexuales-y-sexo-tantrico-puedo-estar-sin-eyacular-tres-meses/

So one should take his new love for bitcoin with a serious bag of salt.

Same thought I have it’s all politics to me. The youths are major adopters of bitcoin and they also constitute the highest of votes during elections so I see him trying to make use of the influence of bitcoin. This isn’t just about him but also other presidential candidates from other countries. I just hope they fulfill there promises and not later come up with some regulations about it, should they win

Latin American politics are complex, and are very different from the politics in other countries like The United States, Europe and Canada.
I have seen videos about that guy in the past, if I remember correctly he is pretty much a libertarian and pro capitalism, he is against state control and praises the market.

If you asked me, he is aware of the relatively high adoption of Bitcoin and other coins in his country and is trying to appeal the general population, it is an advantage he may have since his political opponents are not in touch with Bitcoin or the blockchain technology.

Let us see what happens.

Argentinians must be really concerned about their local economy conditions which are declining quickly. During times like this, politicians appear with the perfect solutions for problems which haven't been solved so far. Before and during the elections, politicians are idealists and compromised, full of principles and morals, committed with their countrymen till the end.

However, once the elections are over and the winner takes place, the scenario completely changes. All those promises made during the campaign can't be executed anymore, because "Politics is the art of the possible, the attainable — the art of the next best", as said Otto von Bismarck. Then time passes, nothing concrete is done, oppositors are considered guilty by the government for not achieving what they promised, and then another party takes place on the next elections. The cycle repeats itself endlessly.

That is why we shouldn't put the focus of our lives in major changes. Those politicians and their lackeys are living from this burlesque, while we, common citizens are wasting our times expecting something good will come from them. I think we should care for our own lives, individually, and make progress on this field.

The subject pointed here is bitcoin adoption, so it's perfect that we can adopt and use bitcoin with or without a supportive bitcoin government taking place. In fact, those politicians will make no difference in our lives and no difference regards bitcoin adoption at all...

It's wonderful to hear such news from a country's leader. Bitcoin has come a long way to gain acceptance and adoption from leaders all over the world. Other leaders who have not adopted its use, I believe, are simply skeptical and waiting to see the outcome of those countries that have legalized and adopted its use, such as the case of the El-Salvadorian President Nayib Bukele who have already adopted its use. We anticipate greater global adoption and use in the coming years.

If he is truly pro-Bitcoin, it is good news, but that might be the only good news about this guy. He is a far-right politician, supporter of Trump and Bolsonaro, a person who denies climate change and supports an antisemitic conspiracy theory of cultural Marxism (I'm just taking info from Wikipedia here). Honestly, I hope he doesn't win the elections, despite the fact that having a strongly pro-Bitcoin president of a big country would be good. Given his political strategy, what he says about Bitcoin and the Central Bank must simply reflect the opinion of his electorate. It also especially makes sense in Argentina to not trust the bank and fiat, given that their inflation is incredibly bad (6th worst inflation in the world). Hopefully, another person with more reasonable political views will come to power and also be supportive of Bitcoin there.

I agree with his comments about closing the central bank and i wish he was upfront in adopting Bitcoin. He can do the same as El Salvador and have the peso run free in parallel with bitcoin until people by themselves stop using the worthless peso.

The only purpose of a central bank is to aid local banks in case of bankruns, bankruns exist due to fractional reserve. People should know better than trusting their money to banks or the State coming to aid them, so its a State protected "business" (distortion) which makes zero sense.

Historically it happens they were also put in control of money emission, which becomes obsolete with Bitcoin.

If what he said about bitcoin adoption will be true when he gets into power,I see it as a positive impact on bitcoin but this doesn't mean that the price  will be as high as you predicted. It will not also lead to massive adoption by other countries, you should also remember that not everyone will use bitcoin if after adoption.

Politician can not influence the price of bitcoin since it is not controlled by the government. Sometimes politicians use this as a strategy for the youths to vote them into power but after they have won the election,they will go against bitcoin adoption.

Argentinians have long been looking for a solution. Long before whatever president in power decided. Those in power have led their country down a dark economic path in the last decade... No different from many LatAm leaders, to be sure, but they do not get to be heroes for embracing Bitcoin when they are responsible for the hyperinflation blitzing their people.

Grassrooters like La Bitcoineta has been fighting the good fight for years. Don't need another president hopeful to do nothing.

Until the time bitcoin is liked for its value and not for the tech that works behind it we are going to see such news as motivating factors. However, we need to replenish the basic knowledge about blockchain and how bitcoin is run on it, what are the features and how it could help us fight the boredom of traditional banking system. Just use it as way to make pseudonymous transactions along with the data integrity man. Who cares what politician says or Hollywood actor says. Just go with the flow and keep using bitcoin, the leadership of bitcoin use will make it better form of currency/asset.

I don't know how old you are, but some of the comments look like they were written by elementary school kids, who also have no idea about Bitcoin or economics. To think that one man's opinion will cause some massive bull run that will launch Bitcoin above $100k is childish to say the least, because if we should have learned anything from the example of El Salvador, it is that "legal tender" means almost nothing if people they don't want to use Bitcoin as a currency.

I really don't understand what is so attractive about the idea that politicians give some kind of approval for Bitcoin, when it basically functions without any permission from the Genesis block until today.

It seems like there are lots more bitcoins lovers than haters in that country and it will be a good idea to promote bitcoins especially when you are in politics may be people out there wanted some real changes that will gonna pump their economy rather than recycled promises by pasts candidates which are more likely don't come to reality. They may be seeing some good progress with El Salvador that's why most of them wanted to also implement it in their country to try and maybe become the reason for the increase of their economy.

I wouldn't say that he is that powerful though, if he ever wins the Presidential election, then maybe we can brand him like that and who knows how he will turn his country to pro-Bitcoin like Bukele of El Salvador.

It's worth noting though that he is a new breed of politicians.


https://bitcoinist.com/argentina-presidential-candidate-preaches-bitcoin/

And maybe this is going to be the one that will push Bitcoin to it's new high in 2024 or at least 6 digits minimum when President of a country backing up it up as legal tender.

That's a good sign to hear since if their leading presidential candidate is open for crypto currency then we can say that cryptocurrency circulation or the adoption might go wider in their country. But all of this is  just a hearsay yet since he didn't win and show his performance towards this issues. Maybe if he can successfully got a set and say something good words about it maybe we can see some changes on bitcoin, but this doesn't mean it will have a bull run but rather a short term hype only.