An Argentinian Politician Sees a Bitcoin Haven on the Horizon

Diana Mondino, an economist, university professor, and former board member of prominent firms such as Pampa Energ├¡a, Banco Supervielle, Loma Negra, and Bodegas Bianchi, has voiced her belief that Argentina is on its way to becoming a haven for Bitcoin. She is running as a candidate for the La Libertad Avanza party in the upcoming general elections, hoping to secure a seat in Buenos Aires. This political party is led by Javier Milei, a Member of Parliament who is currently leading in the presidential elections, having received 30% of the vote in Argentina’s primary elections this month. With a head of state who holds a positive view on Bitcoin, Argentina’s future seems promising.

Mondino’s comments were prompted by a Twitter post from the bitcoin enthusiast Sally Mayweather. Mayweather had shared a video featuring an interview with Milei, in which he famously stated, “Bitcoin is a natural reaction to swindling central banks.”

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Mondino is known for her consistent support for cryptocurrencies, having participated in several Bitcoin-related conferences and featured in BTC-related podcasts. While her previous statement advocating for the legalization of cryptocurrency raised some skepticism, there were also supporters who tagged the United States presidency in their response. Additionally, Mondino has acknowledged the potential transactional benefits of Bitcoin while raising questions regarding its ability to serve as a store of value.

Milei, on the other hand, urges governments to stay away from Bitcoin and other cryptocurrencies, emphasizing that any attempt to impose regulations would hinder their true potential. However, his favoritism towards Bitcoin may be tempered by his advocacy for dollarization as a solution to Argentina’s hyperinflation crisis, expressing strong criticism of the peso.

Carlos Maslat├│n, a renowned lawyer-turned-politician and Bitcoin advocate, has criticized Milei’s dollarization plans and urged him to embrace Bitcoin as an alternative. Buenos Aires has already begun the process of implementing crypto regulations due to the surging popularity of cryptocurrencies in the country.