Argentine President sees no reason to oppose Bitcoin adoption

[worle1bm]

Argentina has been grappling with inflation for years. The head of state believes that the use of bitcoin can neutralize the effects of inflation. On the other hand, he also expressed his concerns about this issue.
"It’s a global debate, and I must confess that it’s a topic [that should be approached with] caution. In my case, there is caution because of how unfamiliar it is and because it’s hard to understand how this fortune materializes."

Why would third level country where all major problems like poor education system, corruption,crimes and most importantly high rate of inflation are present would worsen their economy with putting a ban on bitcoin that could benefit their economy as whole which they miserably had failed to do so? The CDBC will help them out of such conditions? The answer is simple no and that is why they don't seems to have any reason for such things and want to adopt them.Alberto is open to adoption but his government and central banks are not seems to agree with him and he alone can't take any decision so this news might not come true soon.

[taufik123]

And that's what we waiting for and once this happens it's bitcoin to 1 million dollars.

amazing, nothing is impossible in crypto world. 1 million dollars, 2 million dollars and so on can happen at any time. Bitcoin has a strong community and supports future technologies that will make a lot of changes in human transactions. Currently developed countries are starting to look at Bitcoin, other countries are also monitoring Bitcoin's performance. Future technology that must continue to be developed. Bitcoin is a very valuable digital asset.

[tygeade]

First of all, I think there is a bit of a confusion in this post. I believe the quotes you have here were copied direct from the news you saw this, and in the quotes we can clearly see that they are talking about CBDC and not bitcoin, you’re the one that keeps mentioning bitcoin. So, I guess he was talking about CBDC? Anyways, it’s not bad if they are also referring to cryptocurrency as a whole.

But, know that CBDC is totally different from the normal cryptocurrencies that we know, such as bitcoin. That a country has CBDC doesn’t mean that they are going to allow cryptocurrencies. They can still have their own CBDC and also ban cryptocurrencies such as bitcoin, just like what China has done. Although I don’t think that stops people from using bitcoin. The power of bitcoin is in decentralization.

[Yatsan]

As long as the people and safe and their welfare is not at stake and they seems to be far away from scam schemes and they wanted to use Bitcoin and other cryptocurrency to be part of their daily life situation, then there is really nothing wrong with the adoption. As long as there is no threat being seen that will affect the people, then it is good to go but still it is the responsibility of the individual to take hold of how he will handle things on his own and make use of the freedom that is being given by the state compared to others that have been restricted by their government due to certain reasons.