Argentina’s New President Might Just be a Bitcoin Supporter

[BirtRenaldsFan]

It's always helpful when they have a president supporting Bitcoin. Life just gets easier and easier every single day. Soon, things will be very better for us supporters and adopters.

[mtnsaa]

Not many recent news regarding this at all. I think it's clear Bitcoin will never be adopted at any governmental or corporate level, it's just too tainted and there were just too many scandals and black market activities. It will of course survive as a very valid storage of wealth and commodity I think.

[Anddos]

...

mtnsaa

I have heard that Argentina has a rather lively BTC market among the technologically minded.  I know two people who go there fairly regularly and bring BTC to sell (for a substantial premium due to Argentine capital controls).

Their new president could do a number of things to help his country.  Loosening up silly regulations and controls would help.  And a friend of Bitcoin would help not only him, but all of us here...

He has a big job ahead, Kirchner really messed up the country.

By that we can conclude that not many people in the world are technologically minded. That's sad.

[pawel7777]

OP, thanks for sharing. But the article is far fetched and based on nothing.

Even if he was Bitcoin enthusiast himself, there's zero chance he'll implement Bitcoin on any level. If he's goal is to restore faith in national currency and keep control over it, then he may be tempted to restrict BTC trading (at least temporarily) to prevent people to dump Peso for BTC to avoid inflation.

If he's truly positive towards BTC, then the best we could hope for is that he'll opt to keep some bitcoins as part of foreign reserve, something that was suggested for Barbados