Druper recommendation to the Argentine president for economic prosperity: legalize bitcoin

Druper recommendation to the Argentine president for economic prosperity: legalize bitcoin
Abstract

On March 22, Tim Draper, a digital currency dealer, advised the Argentine president to legalize Bitcoin in order to improve its economic conditions, according to Spanish Quintet.

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On March 22, Tim Draper, a digital currency dealer, advised the Argentine president to legalize Bitcoin in order to improve its economic conditions, according to Spanish Quintet.

The venture capitalist met March 20 with President Mauricio Macri to discuss with him the economic landscape of Latin American countries.

During the meeting, Druper talked about the potential of emerging technologies such as the Chinese Bloc and the digital currency to address the major problems facing the Argentine economy, including the devaluation of Argentina's peso, as well as brain drain.

Quintalegrapher quoted Druper as saying:

We talked about Bitcoin and the devaluation of peso, and I put forward a condition. If the peso is worth more than Bitcoin, I will double the investment that I have been considering for this country.

But if Bitcoin has a higher rate than peso, then it should be declared as a national currency. This will be a great and definitive decision, because there is uncertainty in this digital currency.

Following this meeting, Draper expressed his position in relation to digital currency in an interview with Maria Julieta Rumi and noted that he believed Blockacin and Bitcoin were revolutionary bigger than the Internet.

Druper said that it is now a good time to adopt this technology in Argentina, claiming that it will bring about a complete change in the banking, commerce and financial systems.

In this interview, Druper also repeatedly reiterated his upbeat position towards Bitcoin and predicted Bitcoin would have a value of $ 250,000 between 2022 and 2023, accounting for 5 percent of the global market share.

He described how as soon as people can easily use bitcoin, just like a peso or dollar, their choice would be bitcoin, as the currency is decentralized, open, intact, and global.

In February, Druper team claimed that Fiat money would only be used by criminals in the next five years.

Meanwhile, Argentina has recently shown a tendency to accept new developments in the Blockchain and the digital currency. In early March, the Argentine government agreed to jointly invest in Blockchain projects affiliated with Binance Labs and the LatamEX Latino Exchanges.

Also, Chief Executive Officer Binance, Changpeng Zhao, has set up a new currency exchange facility to convert Fiat into digital currency in Argentina.

In February, Argentina signed and signed an export deal with Paraguay for pesticides and products worth $ 7,100. The proceeds from the sale of these products were paid to Bitcoin and then turned into Argentine Pesos to settle accounts with exporters.



Source: cointelegraph

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