Many times, the decisions taken by governments on economic and political issues have effects that are not expected. It is imponderable that emerge and that may even change forecast scenarios. This is what happens currently with the foreign exchange controls, whose implementation, leading to the establishment of a centralized control, has served to give a greater boom to tools decentralized, like bitcoin and the cryptocurrencies.In scenarios prior to bitcoin, the implementation of a control changes generated results that are more or less predictable, among which stands out the emergence of parallel markets where people go to buy and sell currency. With this, the citizens and institutions look for ways to acquire and accumulate coins highly valued, mainly the dollar, in order to use them as a reserve of value. So it has been historically, up until 2009, year in which was born a new factor that now comes together in this process. This new imponderable was called bitcoin.The cryptocurrencies burst as well in the scenario of the foreign exchange controls, and no government has proposed. The old measure, which is implemented with an intention to centre, then becomes the perfect instrument that facilitates the growth of the new decentralized market of the cryptocurrencies. The use of criptoactivos, like the fact of going to the parallel markets, it is a decision of the citizens that are beyond the control of the state, with the added advantage that it is a technology with characteristics and various actors.The fact, for others, it is paradoxical, taking into account that the majority of governments try -with little success – to regulate and manage all aspects of the economy, including the emerging sector of cryptocurrencies. But the evidence shows that the more you try to control, more tools looking for the citizens to evade the restriction. In this context, the criptoactivos appear as one of the best alternatives of investment.A clear example of how governments, without realizing it, through these exchange controls have “served the table” for the advancement of bitcoin, is clearly observed in countries such as Venezuela, Argentina and even in far-away Zimbabwe, in Africa. The most recent case is argentina, where the economic issue is percolating right now in the arena public, based on the new management regime of foreign exchange established this September 2.
Dollar blue and bitcoin will compete in Argentina
As was expected, with the new stocks foreign exchange implemented by Mauricio Macri, the parallel market comes into action. But this market called dollar blue by the argentines, may not have sufficient liquidity in the face of an increase exacerbated the demand. For this reason, experts predict a major boom in the adoption of cryptocurrencies. Bitcoin could become the main option.Source: LautaroFederico / stock.adobe.comLa observation is made based on the background. It was during the stocks established in the previous government, that of president Cristina Kirchner, where the cryptocurrencies made their remarkable appearance in Argentina. The last time that it imposed changes in that country was the October 31, 2011. Just from that date began to register a major wave of adoption of bitcoin, despite the fact that the criptomoneda was a mere two years of existence.It was, as during the period of this stocks exchange, which lasted until 2015, when the ecosystem of the cryptocurrencies grew rapidly. The country’s southern, under monetary control, became one of the pioneers in the use of bitcoin in Latin America and is now one of the centers of reference for the development of the markets of cryptocurrencies technologies and blockchains. At this time there emerged numerous startups and many shops started accepting payments with bitcoin.This growth potential of the cryptocurrencies in countries where governments impose monetary controls part of a theory that is evident with the situation in argentina. Before the acceleration of the system of inflation in the country, the market of bitcoin competes with the dollar market blue, used as a reference “real” price of the divide u.s., despite the fact that during the previous stocks foreign exchange came to be up to three times more expensive than the dollar “official”, in the periods of increased demanda.De so that bitcoin becomes an alternative to preserve value. We warned a academic research in 2015, when it established that countries with capital controls, unstable prices due to inflation, barriers of trade, and low financial freedom, are the first candidates for the use of bitcoin.Disclaimer: the views and opinions expressed in this article belong to the author and do not necessarily reflect those of Breaking News.