This Monday August 14one day after the elections (STEP) the value of the Bitcoin on some local platforms surpasses for the first time the $21 million pesos. A milestone for the price of that digital currency in Argentina.
It should be noted that, last week after the firing of the Dolar blue, Ambit found that the price of the currency on August 8 in pesos was 17,558,586.02. Today, after the triumph that he gave Javier Milei in the STEPthe value of Bitcoin on platforms such as Lemon Cash and Athena cashiers, they hover the $20,891,494.48. However, in the early morning the largest crypto by market capitalization, surpassed the 21 million.
It should be noted that this type of economy is driven by javier milei, candidate for Freedom Advances to president. These types of digital assets are usually decentralized because they use blockchain technology, which allows them to operate without intermediaries. Such decentralization provides greater security and transparencyand increases financial inclusion, as it eliminates the need for a centralized controlling entity.
Bitcoin:QWhat does Milei think about crypto
mileya tireless critic of conventional monetary policies and state intervention in the economic sphere, expressed a surprising optimism about the role played by BTC as a financial haven in times of economic uncertainty.
“BTC emerges as the answer to the manipulation of fiduciary money by central banks and governments. It constitutes a way to safeguard against the ravages of inflation and the deliberate degradation of currencies,” Milei highlighted when being consulted some time ago about cryptocurrencies.
In addition, miley forcefully expressed his position regarding government regulation of cryptocurrencies. In Milei’s opinion, the volatility of Bitcoin should not be considered a defect, but rather “a distinctive feature“.
“It is imperative that governments stay out of Bitcoin and other cryptocurrencies,” he stressed. From the perspective of the presidential hopeful, “the real beauty of these technologies resides in its decentralization and autonomy“.
“Any attempt to imposing regulations will only serve to restrict your potential and stifle financial freedom of people,” he stressed.
In early August, Milei also boarded Bitcoin’s potential as a viable alternative for investment. “Bitcoin has proven to be an exceptional strategy for diversifying investment portfolios,” she noted. “Its value is not tied to any specific government or entity, which consolidates it as an asset with global recognition“, he added.
In addition, he clarified that “as in any form of investment, there are risks involved, and it is crucial that each individual conduct their own research“.
Source: Ambito
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