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RE: Latin America and Cryptocurrency
If only a few countries legalise it, domino's will start to fall!
And fiat will perish!
If only a few countries legalise it, domino's will start to fall!
And fiat will perish!
They will begin to see that the countries that adopt this currency are thriving and they will follow suit. It is only a matter of time.
Lets just hope they take that option instead of more wars (which is the default way)...
Would like to agree, but having lived in Latin America there will be a lot of resistance. Political leaders really dig in when they have power and have great control over a lot of aspects of everyday life. Anything that challenges will see a lot of backlash like the banks in the US.
Hopefully the people can find a way to get out from under the government, but it will be hard because of exactly what you said, the government controlling so many aspects of their of everyday life. The key is to make sure that the people know and understand that cryptocurrency can help.
Agree. Also, think it needs to take place under the radar for now. Once the opportunity becomes available it could expand and become too integrated for the government simply to dismiss.