From what I’ve read before, it’s often better for countries struggling economically to adopt Bitcoin. This might be the case here, especially since El Salvador is now gaining recognition for its Bitcoin investment and has already profited more than 100% at the current price compared to its original investment.
El Salvador and Argentina Regulators Sign Agreement to Help Develop Crypto Industry
Regulators from El Salvador and Argentina have signed an agreement to help develop the crypto industry in both countries.
The agreement will help El Salvador, which famously embraced bitcoin as a currency, broaden its footprint by forging strategic partnerships, CNAD President Juan Carlos Reyes told CoinDesk.
The two regulatory agencies will be sharing knowledge and experience in the matter of crypto regulation.
That's a great update since somehow this give some sort of hope that there's a huge chance that Argentina will take some good steps to adapt Bitcoin just like what El Salvador did.
Since last June there's some sort of clarification released by Forbes towards this issue.
Source of that information https://www.forbes.com/sites/digital-assets/2024/06/02/milei-is-not-moving-argentina-towards-bitcoin/
But lets really see if there's major good changes will happen in that country since sometimes they are questionable and unsure towards their stance when it comes talking about Bitcoin adaption.