Post
Topic
Board Bitcoin Discussion
Re: Tim Draper Encourages Argentina’s President to Legitimize Bitcoin
by
alisafidel58
on 26/03/2019, 12:15:42 UTC
"We were speaking of Bitcoin and the devaluation of the peso, and I proposed a bet: if the peso would be valued more than Bitcoin, I would double my investment that I was making for the country. But if Bitcoin gained a higher rate than the peso, they would have to declare it as a national currency. That would be a perfect decision, as there's a lack of confidence in this coin.”

With the current economy of Argentina, of course, it's impossible that the Argentinian currency would value more than bitcoin. Economic managers in the president's cabinet would think carefully about this. If they make the bitcoin as their national currency then they might get some sanction among the world leaders.