The crypto-verse has garnered interest from several people across the globe. The President of Argentina is the latest one to hop onto the crypto bandwagon.
Bitcoin [BTC] went from being a currency associated with the dark web to one of the most sought-after assets. This transition was lauded by many and the rapid surge in the value of the king coin was one of the primary reasons behind this. Officials of different governments across the globe were initially extremely hostile towards Bitcoin and other cryptocurrencies. However, with time the highest authorities of certain countries have been expressing interest in the crypto market.
Argentina President Alberto Fernandez in a recent interview revealed his inclination towards cryptocurrencies. Crypto assets weren’t his only topic of interest, he also noted that he was willing to explore the prospects of a central bank digital currency [CBDC].
Argentina heading towards the crypto-verse?
El Salvador’s crypto-friendly move has left an array of other countries under the pressure of doing the same. While the Argentina President affirmed that the country wouldn’t “go too far out on a limb,” he pointed out that there are no other reasons to say “no” to it either.
Argentina’s inflation issue has been alarming and has persisted for the longest time. While the government deals with that, the inclusion of crypto into its system could go either one of the ways.
Additionally, speaking about the crypto industry, Fernandez stated,
“There is caution because of how unfamiliar it is, and because it is hard to understand how this fortune materializes. Many people in the world have these concerns, and that is why the project, or the system, has not yet expanded [more than it has]. But it is something to consider.”
Alongside this, the head of Argentina’s central bank, Miguel Pesce suggested that cryptocurrencies could pose a threat to the stability of the existing economic system. He also shot down rumors about the country’s plunge into the CBDC space.