Bitcoin News Politicians in Latin America join the Bitcoin wave

Politicians in Latin America join the Bitcoin wave

-

- Advertisment -

Politicians across Latin America are beginning to publicly declare their support for Bitcoin, inspired by Nayib Bukele’s announcement.

For years, Latin America has been one of the most important regions for the crypto world. With countries like Venezuela and Argentina being one of the main cryptocurrency markets worldwide. And now, this interest in crypto assets seems to be growing rapidly. Well, after the announcement by the President of El Salvador, Nayib Bukele, politicians in Latin America join the Bitcoin wave.

Latin America Bitcoin territory

Nayib Bukele has always been a controversial political figure, essentially due to his personalistic style of government. However, until now it had not caught the attention of the crypto community. This changed with his announcement in recent days that he will push for a law to make Bitcoin legal tender. What would make El Salvador the first country to take this measure in Latin America and the world.

If this proposal finally comes to fruition, Salvadoran businessmen would be forced to accept payments in Bitcoin for their products. This could represent an attempt by the government of El Salvador to reduce the country’s dependence on the US dollar, the country’s official currency today.

However, beyond the political reasons behind Bukele’s decision. The truth is that the movement of the Salvadoran President, who even put the famous “laser eyes” on his profile photo on Twitter, has awakened a real movement in Latin America, with politicians in countries such as Paraguay, Argentina and Brazil taking a step up front, announcing their support for cryptocurrency. What Anthony Pompliano commented:

A politician from Brazil has added laser eyes to his profile picture. Bitcoin is becoming mainstream in real time and those responsible are the same governments that everyone said were going to ban the asset. Bitcoin is the ultimate tool for global freedom.

Thus, now that politicians in Latin America are joining the Bitcoin wave, the prediction of several crypto influencers seems to be fulfilled. Those who over the years have placed their trust in the adoption of BTC in the developing world regions. Against the strength of fiat currencies in developed countries.

Will Ellon
Will Ellon is a The Advertiser Mirror correspondent who covers politics, business, money, lifestyle, games, movies, technology and worldwide news. Will is a talented guy of 23 years old who lives to write for the people about news, opinions and reviews.

Latest news

Russia Wants Putin-Biden Meeting To Boost Dialogue On Arms Control

The Government of Russia expressed its desire on Tuesday that the meeting between the presidents of Russia and the United States, Vladimir Putin and Joe Biden.

The “Buffett indicator” soared 133% and a stock collapse is feared in the coming months

Analysts say that Warren Buffett's gauge anticipates that the global stock market is overvalued relative to the world economy. Is a new witch born?

This is Paul Tudor Jones’ trio of aces to win on the stock market with inflation

Inflation is here to stay. Says Paul Tudor Jones, legendary and billionaire investor and manager of hedge funds (or hedge funds),...

Israel marks the end of an era with the departure of Netanyahu and his replacement by Bennett

Benjamin Netanyahu's 12-year record as prime minister of Israel came to an end on Sunday after parliament approved a new "Government of Change".
- Advertisement -

Dimon: J.P Morgan is hoarding cash to take advantage of long-lasting inflation

J.P Morgan Chase has been "hoarding" cash instead of using it to buy Treasuries or other investments because of the possibility that higher inflation will force the Federal Reserve (Fed).

Cryptocurrencies in correction? What can we expect in the future

Cryptocurrencies expand through protocols that were born from day one as global instruments without jurisdictional restrictions.

Must read

- Advertisement -

You Might Also LikeRELATED
Recommended to you