Bitcoin
$9,166.27 4.30%
BTC · 41w

Argentina situation : could Bitcoin be a hero?

Mauricio Macri’s poor showing in primary elections on Sunday will likely trigger a major selloff in Argentina (on equities).Opposition candidate Alberto Fernandez and his running mate, former President Cristina Fernandez de Kirchner, won by a much wider-than-expected margin over Macri, worrying investors who were already trimming exposure to Argentine assets. The result of the primaries, a key gauge of voter intentions ahead of the Oct. 27 election, will likely be seen as a signal that the country may look to return to policies such as currency and capital controls, steering away from Macri’s more market-friendly positions. This could benefit again Bitcoin as a worldwide alternative to traditional fiat and government control. What do you think? Could Bitcoin be a Hero?
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