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Author Topic: Argentina's Leading Presidential Candidate Preaches Bitcoin  (Read 321 times)
virasog
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January 09, 2023, 04:13:01 PM
 #41

Link to news
https://bitcoinist.com/argentina-presidential-candidate-preaches-bitcoin/

Nice to see some powerful people coming in support of Bitcoin once again. Looks like the next bull run is near.

How do you think that the president of Argentina is a powerful person? I would consider if a president of a rich county supports bitcoin.
Argentina GDP is 25,882$ and as it is a developing country.

Anyhow, the only way to compete with the developed world, the developing countries should support bitcoin and allow bitcoin as a legal payment method. Only this way, they can grow their economies and prosper quickly.

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Sharonchy
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January 09, 2023, 06:15:32 PM
 #42

His being a smart politician and trying to get the young people on his side is also a huge development for us; we need more people like him to endorse Bitcoin.
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January 09, 2023, 06:48:32 PM
 #43

If what he said about bitcoin adoption will be true when he gets into power,I see it as a positive impact on bitcoin but this doesn't mean that the price  will be as high as you predicted. It will not also lead to massive adoption by other countries, you should also remember that not everyone will use bitcoin if after adoption.

Politician can not influence the price of bitcoin since it is not controlled by the government. Sometimes politicians use this as a strategy for the youths to vote them into power but after they have won the election,they will go against bitcoin adoption.
Your point is succinct and clear, yes no government can control Bitcoin, but getting older and more countries or politicians openly supporting Bitcoin is always a positive thing. 2023 is destined to be an extraordinary year. Whether it is a turning point or not, time will naturally give us the answer. What we need to do is to let more people around us accept Bitcoin and use it. Bitcoin will eventually coexist with the fiat currencies of various countries.
It's nice that even though some of these politicians know that it's impossible to control a Bitcoin, they still allow it on their country. They know that this can greatly help their people aside from the help that they are giving. And when the people is earning well, this will also have a positive effect in the country.

Where did you get the idea that 2023 is an extraordinary year when in fact many users doesn't feel that bullish but it can be a turning point in which a slow recovery is expected to happen up until we reached the next page/s of our calendars again. As of now, BTC have already co-exist with the traditional currencies. It can remain like this for a long time.
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January 09, 2023, 11:40:41 PM
 #44

Link to news
https://bitcoinist.com/argentina-presidential-candidate-preaches-bitcoin/

Nice to see some powerful people coming in support of Bitcoin once again. Looks like the next bull run is near.

How do you think that the president of Argentina is a powerful person? I would consider if a president of a rich county supports bitcoin.
Argentina GDP is 25,882$ and as it is a developing country.

Anyhow, the only way to compete with the developed world, the developing countries should support bitcoin and allow bitcoin as a legal payment method. Only this way, they can grow their economies and prosper quickly.
Thats wrong, country's economy depends on different sectors growth. The combined outcome will be the GDP. What does the bitcoin contribute to the GDP, it is very minimal for now. Adoption of bitcoin will boost some of the sectors to turn positive in revenue. This doesn't mean making bitcoin legal is the only way to grow a country's economy.

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