believe it or not, I am sure that when Miley is elected president of Argentina, she will make Bitcoin one of the legal tenders in Argentina, I say this because I see her being very frontal with fiat money whose power continues to decrease every year or what is commonly known as Inflation is called, but Bitcoin has been observed to be very immune to inflation!! Until now, its price has fluctuated and that is what makes many people see Bitcoin as a promising investment. Argentina is not a superpower and their influence when making Bitcoin a legal tender will be enormous.
I think we are missing some information. From all indications, I think they used Bitcoin and cryptocurrency as campaign strategy and not adoption for economical value. What I believe his government will do is to make bitcoin right for people to use and not enforce any form of ban or possibly as a legal tender but to solve economica inflation; NO! Bitcoin will not take Argentina out of inflation and I have my reasons for saying such.
Have you thought about it what will happened to foreign reserves if bitcoin depreciate due to unplan situations and unexpected things? What is going to bail them out in this difficult situations? It will not work but assuming they already had bitcoin when it was in it's lowest values, it would have been okay but the nature of bitcoin and it's volatility will sink them more on inflation when things become rough.
Since El Salvador bought bitcoin, they don't seem to be the driving force of the market after the market collapse, in fact they have remain silent for a while but there are economy is moving well and things are okay for them and I like the fact that the people can do bitcoin everyday without any questions, Argentina can follow the same pattern to allow adoption through its people.
