reply on: Argentina’s Inflation Paradoxes \ stacker news ~econ

10 sats \ 9 replies \ @Coinsreporter OP 15 Jun \ parent \ on: Argentina’s Inflation Paradoxes econ

I've heard reports that they are interested in dollars instead of Bitcoin.

How long will that last if they want to keep a strong currency?

10 sats \ 7 replies \ @Coinsreporter OP 15 Jun

I don't know and I think nobody else does. It's not science to be exact. They can keep it strong as long as they keep it tight, so, the real question is - how long can they keep it tightly?

They can't because exporters will leave peso once it starts showing any signs of weakness. So, then peso will keep falling once again.

11 sats \ 6 replies \ @Satosora 15 Jun

As long as they dont do questionable things, their currency will remain strong. If they start buying btc, it will remain strong forever.

10 sats \ 5 replies \ @Coinsreporter OP 15 Jun

That will be a different story then. Bitcoin will do wonders for them, no doubt.

11 sats \ 4 replies \ @Satosora 15 Jun

Someone near them has already done that. El Salvador, right?

10 sats \ 3 replies \ @Coinsreporter OP 15 Jun freebie

Yes, but the credit goes to only Bukele. He doesn't listen anyone except himself when it comes to Bitcoin.

Milei is weak of his ears. He listens all burecrates and officials.

11 sats \ 2 replies \ @Satosora 15 Jun

Copying is the greatest form of flattery.

10 sats \ 1 reply \ @Coinsreporter OP 15 Jun

I was very enthusiastic before Argentina elections that we would soon get 2nd country that adopted Bitcoin. But all my hopes went in trash due to Milei's weak ears.

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