Bitcoin Limits Influence On South America – Bitcoin Magazine

This is an opinion editorial by Vinicius Piscinia bitcoin crowd.

Despite the great growth potential of Latin American countries, such as Brazil, Argentina, Chile and even Paraguay, external influences contribute to the stagnation and proposed economic decline of these countries. We can affirm that the international prominence that this potential would provide in normal times of fair competition is overshadowed by the manipulations of great powers, highlighting the USA and China.

Various actors are interested in exerting their influence in the developing world. The US financial system, characterized by the hegemony of the dollar in international reserves and the relevance of US monetary policy to other countries, ensures that the US is on an unassailable footing in the diplomatic arena. Bitcoin can be a scourge for this, thanks to its decentralized system and, more importantly, the fact that it has no controlling body (not even a known founder), which makes unfair competition impossible.

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