Why is it illogical to compare the performance of bitcoin with the performance of fiat coins? Michael Saylor gives us the answer

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Today again, our star investor Michael Saylor made news by comparing in a tweet the performance of bitcoin against the performance of the Aregian peso when it was criticized for its million dollar investments in bitcoin. He mentions that when someone questions his bitcoin strategies, he responds by asking for advice for Argentinians. And along with his tweet he put the points in favor that make bitcoin a better option than the Latin currency.

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The Argentine economy:

Like Venezuela, Argentina was already experiencing economic problems before the pandemic began, but with the arrival of covid-19 Argentina registered a drop in its GDP and its economy contracted by -10.5%, due to the drop in investments, the drop in exports and the drop in private consumption. It also caused imbalances in its currency and exchange rate.


This is one more proof of how inefficient fiat currency is in the face of cryptomonies. But what do you say?

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