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- Cryptocurrency can potentially nullify inflation and operate as hard currency by Argentina President
- Alberto Fernández believes crypto has the potential and it cannot be denied
- Alberto and its representatives seem are always keen to talk about crypto
- the cryptocurrency mentioned that he knows the decentralized industry is risky, still, some of the projects are worth the risk
Cryptocurrency world is continuing to gain more mainstream attention and adoption. Following heavy price fluctuations, several globally are willing to acquire at least one kind of digital asset. On the other hand, governments are studying the potential of such assets and their underlying technology. Several governments have already embraced transformational technology. In contrast, there are still several governments observed to be speculative regarding the technology. Recently, the president of Argentina, Alberto Fernandez has made some remarkable bullish comments.
Cryptocurrency has the power to fight inflation
Alberto spoke in a recent extended video interview aired on the Caja Negra, by Filo News. In the session, he noted that cryptocurrency may have the power to fight inflation and operate as a hard currency. He strived to fortify his musings by adding the caveat that he is not particularly well-versed in the cryptosphere.
Indeed, the president of Argentina claimed that crypto has the potential to nullify inflation. He further pointed towards an inflammatory subject in the country in recent years. At the time hyperinflation dogged the nation’s economy. Notably, the factor had yanked Argentina into a financial dilemma.
Alberto seems more than happy to talk crypto
Following the opinions of the president, it seems he and his representatives are bullish on cryptocurrency. Moreover, they seek to fire debate by posting crypto-related excerpts from the interview.
Notably, the president shared on Twitter that the operation of digital assets is a global one. Hence he confessed that such matters should be treated with care. Simultaneously he claimed that there is no denying it. Likewise, Alberto focused more on cryptocurrency and highlighted the industry’s advance was now irreversible.
Crypto also creates insecurity
In the interview, the president was pressed on the matter. In response, he mentioned that the technology removes inflationary effects. Moreover, it is also considered that industry creates insecurity due to illicit and fakes. Still, the message remains largely positive.
Alberto further noted that things are mixed up when it comes to the microeconomic, technological, transparent, and nontransparent. Still, it’s probably a good way. We can deem that the president believes that some of the qualified digital assets are worth the risk. However, Alberto did not expand any further on the matter.
