Bitcoin

Unlike Bitcoin, Argentina Prints Its Currency Without Limits – BTC Reaches ATH in Argentine Peso

Bitcoin (BTC) has hit an All-time High against the Argentine Peso, with 1 BTC worth about 394,000 Pesos – the kind of prices seen in the last major bull run of late 2017.

The Argentine Peso, meanwhile, has been suffering greatly, performing increasingly worse against the US Dollar. The reports are that the decline is a result of the uncertainty in the upcoming presidential election.

Amundi, a global asset manager, has said that the prices are reacting to the possibility that former leftist president, Cristina Fernández de Kirchner, may return to power as deputy to presidential candidate Alberto Fernández.

Billionaire Tim Draper has recommended to the President of Argentinia to change the Argentine Peso to Bitcoin.

Abhimanyu Krishnan

Abhimanyu is an engineer on paper but a writer by living. To him, the most celebratory aspect of blockchain technology is its democratic nature. While he’s hodling, he can be found reading a good book or making the local dogs howl with the sound of his guitar playing.

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Abhimanyu Krishnan

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