The last 2 weeks for the currency of argentina has been catastrophic, passing the weight of $46 to $60, which means an increase of a little more than 30% against the u.s. dollar. With all the uncertainty of the local market, where the debt is close to default (if it already isn’t), the Bitcoin peeps as an investment haven more interesting. At the close of today, the u.s. currency was trading at $60 for investors in general, and in $57,90 in the wholesale market. The uncertainty that there is surrounding the general elections of 27 October, where it is paramount that the opposition is in government, in the hand of Alberto Fernandez, is generating a large leakage of foreign exchange, to have a clear understanding of the new economic plan. If we look at the futures market, Rofex, the dollar to December 2019 are quoted at $82,50, which means an increase of 37.5% from the current value. And July of 2020’s best not to look… in the Face of this adverse scenario for the argentine economy, there are few options for investors to preserve their purchasing power. The most classic of all is to take refuge in the dollar, the argentine spent decades doing it. The good news is that it appears a very interesting: the Bitcoin.
Contents
Why invest in Bitcoin from Argentina?
It can be summed up in 3 key points: The Bitcoin is a digital asset that is traded in hard currency (dollar), which ensures that the value of the investment is maintained, regardless if the weight is sinking or not.At all times you keep control of your bitcoins, no one can appropriate them, not even the banks, because you and only you are the owner of your private keys.Finally, the possibility of revaluation of the Bitcoin is very high, which enhances even more the possibility of winning money. It should be noted that the Bitcoin over its 10 years of life has proven to be an investment more than secure, but this does not guarantee that what is in the future. If you are looking for something safe to buy dollars, and storing in a safe well secure. On the other hand, if you are looking for an investment with great potential from Argentina, and to preserve the value of your money, the Bitcoin is the bet. You decide. This content is not investment advice, is only an analysis of the economic situation of Argentina, pointing out the advantages of Bitcoin. Should be taken only for educational purposes. The following two tabs change content below. Analyst of financial markets, and passionate about new technologies, especially in the disruptive as the Blockchain.