Argentina's New President: Good News for Bitcoin, Bad News for Inflation

Argentina's New President: Good News for Bitcoin, Bad News for Inflation

Argentina’s new president, Mauricio Macri, is good news for the legal status of Bitcoin in the country. He is the one behind the sponsorship of the First Bitcoin Forum in Buenos Aires, earlier in July 2015. The perceived stance of the leader of “Cambiemos” (Spanish for “Let’s change”) is a far cry from the official statement issued in 2014 by the Argentine Central Bank. The statement was clearly cautious towards Bitcoin, warning about its qualities and declaring that it didn’t have legal tender status. However, for Bitcoin all good news are bad news, as all who were interested in....


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