My assumption got crushed that being liberal to cryto would make that country rich. Not at all. In fact Argentina, Nigeria are the most liberal citizens towards crypto and they didn't even able to change the dynamics here.
My assumption got crushed that being liberal to cryto would make that country rich. Not at all. In fact Argentina, Nigeria are the most liberal citizens towards crypto and they didn't even able to change the dynamics here.
In the world of rising inflation, crypto serves as safe heaven, not as investment to get rich but as a way to get by and survive the day. Feeless and low fees coins can play great role here.
They are liberal to crypto out of necessity due to their corrupt and inept politicians.
!HUG
I sent 1.0 HUG on behalf of @meraki7578.
(3/3)
there are more macroeconomic factors at play. It's beyond crypto adoption. For most of these countries, government policies and spending still determine their economic trajectory.
I'm from Venezuela lol
😂
I don't know if to laugh or to cry watching Venezuela still at the top... Crypto has saved us, but still everything is more worse that we imagine.
In the case of Argentina, the recent election of Milei may be a signal of change in the country's fiscal and monetary policies. Cryptocurrency may or may not be a part of that change; only time will tell.
Argentina recently changed government direction. The inflationary left that printed paper money and issued endless debt left the government after more than 15 years.
Now with a libertarian, Milei, Argentina will make great progress.
Wow, we are still by far the world champions in inflation. Here too there are advanced laws on the subject of cryptocurrencies.