The creation of the Central Bank of Argentina (BCRA) in 1935 was the worst thing that ever happened to this country. From being one of the most prosperous nations on earth, it became a third world country that destroyed five currencies in just over 50 years.Hyperinflation, constant devaluation, confiscation, price controls, socialism, economic crises, rising crime, and political corruption are some of the negative effects caused by currency counterfeiting at the hands of the BCRA. Not to mention the millions of Argentines who had to emigrate from their homeland in search of better opportunities.“Bitcoin is the peaceful revolution that renders central banks obsolete.” - Francis Pouliot, founder and CEO of Bull Bitcoin
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