The spot price of Bitcoin on the Malta-based Binance was recorded to be around $10,280, at press time. However, a potential trader in Argentina would not be able to buy BTC at the same value. President of Argentina, Mauricio Macri, recently announced that he would be reinstating strict restrictions on foreign currency acquisition, a step […]
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In a historical moment for both the nation and the crypto community, Argentina has ushered in a new era by welcoming its first-ever pro-Bitcoin President. Argentina Elects Pro Bitcoin President On November 19, Argentina released the results of its presidential election.
In a recent interview, the President of Argentina Alberto Fernandez said he sees no reason to push against crypto, but in contrast to his openness, the head of the country’s Central Bank, Miguel Pesce, prepares for a crackdown on the industry.
The Bitcoin price exploded in Argentina after President Mauricio Macri announced he would reinstate restrictions on foreign currency purchases. Bitcoin is trading at a $1,200 premium above spot price on Buenos Aires-based exchange Buenbit.
Bitcoin is trading at a premium of about a thousand dollars on LocalBitcoins in Argentina after the currency of the country peso plunged more than 30% on Tuesday. The currency crisis and stock market chaos followed country’s center-right leader, president Mauricio Macri performing poorly in primary elections.
Bitcoin has proven to be a store-of-value in Argentina where you would have been better off buying BTC at its peak rather than hold the peso. Argentina Ensnared Political and Economy Turmoil The Argentinian economy continues to shrink, afflicted by stubbornly high inflation, which President Mauricio Macri, who is running for re-election, has been unable to rein in.
Renowned crypto bull Tim Draper has in the past made known his deep belief that cryptos are the future. He is so confident in bitcoin that this time, he decided to go one step further. He made a bet with the president of Argentina, Mauricio Macri.
Tim Draper, a well-known crypto bull and venture capital investor, was reported to meet with the president of Argentina, Mauricio Macri, recently. According to reports, he advised the head of state to legalize Bitcoin (BTC) in Argentina in order to improve the local economic situation.
Tim Draper, an American venture capital investor and a big proponent for Bitcoin (BTC), met with President of Argentina…
The post Tim Draper Recommends President of Argentina To Change Argentine Peso to Bitcoin appeared first on Invest In Blockchain.
On his recent trip to Argentina, billionaire investor and Bitcoin advocate Tim Draper met personally with President Mauricio Macri. Draper presented a pretty bold idea to the Head of State. Make Bitcoin the national currency of Argentina.
Life in Venezuela is anything but. Last year, the South American nation of 32 million led the world with 652% inflation and this year the economic turmoil is even worse. As of September 2018, the annual inflation was estimated at 200,000% and International Monetary Fund (IMF) said it could spike to a mindboggling 1,000,000% by December.