Two Paths Ahead for Colombia’s President-Elect: Bitcoin or Altcoin?
— Coin, Salvador, Ahead, Probitcoin, Petro, Altcoin, Country, Sango, Presidentelect, Colombias — 1 min read
Gustavo Petro, the winner of Colombia’s most recent presidential election in a minor upset, has campaigned on a platform of furthering his economic independence from the United States. Petro has repeatedly claimed to be seeking a new economic path for his country that connects with the radically decentralized promise of Bitcoin. However, this past support is far from a concrete plan, and it shows how two paths open for a pro-Bitcoin government to try and gain more economic power. Petro himself has praised the initiative of Bukele in El Salvador, breaking with the dollar to introduce bitcoin as a new legal currency. The Central African Republic (CAR) is being pivoted to adopting a wholly new cryptocurrency that will have all the benefits of bitcoin with its decentralized and immutable ledger. Source