RATE Group | Can Bitcoin Save Argentina? – CoinDesk
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Can Bitcoin Save Argentina? – CoinDesk

10 Sep Can Bitcoin Save Argentina? – CoinDesk

Posted at 08:36h in Bitcoin News by

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Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative.

The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers.

When people ask me what got me into bitcoin, I often answer with one word: “Argentina. “

Amid the sad news that the South American country is again gripped by a currency crisis, I’m getting a strong reminder of that connection.

Below, I explain it and explore one crypto team’s proposal for the Argentine government to overcome this latest meltdown with a stability-seeking strategy that partly includes bitcoin.

Over the past 30 years, Argentina has tried a diverse toolkit of mainstream economic solutions to its persistent drift into chaos, and each has failed. Perhaps a new, outside-the-box, crypto-friendly approach is needed. And with other emerging-market countries now suffering “contagion”…

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