Cryptocurrency will determine election victory in Latin America
Date: 2024-07-02 Author: Gabriel Deangelo Categories: IN WORLD
Bitcoin's impact on the political arena
Mauricio Di Bartolomeo, co-founder and chief security officer of Canadian crypto lending platform Ledn, opined that the next election cycle in Latin America will be significantly influenced by cryptocurrencies, particularly Bitcoin. The search for more convenient and stable money is becoming a key factor for voters in the region, he said.
Di Bartolomeo noted that several presidents are already betting on Bitcoin. For example, Nayib Bukele from El Salvador, who actively supports Bitcoin and used it in his election campaign. Also, Javier Miley in Argentina is promoting initiatives to improve monetary circulation and eliminate central banks. These policies propose new financial solutions focused on cryptocurrencies.
Impact of successful examples on other countries
The expert emphasized that residents of other countries, such as Guatemala and Nicaragua, are observing successful transformations in El Salvador and Argentina. Di Bartolomeo believes that these nations will also want to try the Bitcoin formula to improve their economies: “If the Bitcoin formula worked for El Salvador and Argentina, why not try it?”
According to Di Bartolomeo, Bitcoin will play an important role on the ballot in the upcoming elections in Latin America. He compares this to the influence of cryptocurrencies on US elections: "The message is clear. People want Bitcoin. They want better money and will elect politicians who support them."
Venezuela as a future Bitcoin mining center
Di Bartolomeo also sees the potential for Venezuela to become a Bitcoin mining hub. However, for this, in his opinion, a change of government is necessary. He believes that the new government can create favorable conditions for crypto mining, which will allow Venezuela to take a leading position in this area.
Thus, cryptocurrency is becoming an increasingly significant factor in the political arena of Latin America. Bitcoin not only influences the economic strategies of countries, but is also becoming an important element in election campaigns. Support for cryptocurrencies could be a deciding factor in winning elections as voters seek stable and convenient financial solutions.
