Fun

Elon Musk Praises Reports on Latam Common Digital Currency: ‘Probably a Good Idea’

News Feed - 2023-01-25 04:01:43

Elon Musk Praises Reports on Latam Common Digital Currency: "Probably a Good Idea"


Elon Musk, CEO of Twitter, SpaceX, and Tesla, has given his opinion about the latest reports on the creation of a common currency in Latam, to be initially worked on by Argentina and Brazil. Musk stated that this move would be “probably a good idea,” commenting on the topic on social media. Elon Musk Gives His Take on Latam Common Currency


The latest reports that Brazil and Argentina will start to study the issuance of a common currency for Latam have already caused reactions all over the world. Elon Musk, CEO of Twitter and Tesla, has recently given his appreciation when it comes to the issuance of such a currency, that would come to create a common economic area for the countries of Latam.


Answering a tweet that stated other nations in Latam would be invited to join the plan to create the second-largest currency union behind the European Union, Musk stated: Probably a good idea.


Minister of economy of Argentina, Sergio Massa, warned that this discussion would be just one of the first steps in the construction of the currency that is being preliminarily called “sur,” and that it might take some time for this initiative to be completed. The purpose of this currency would be to undermine the strength of the U.S. dollar in the region. Distrust in the Dollar


There have been several personalities that have been predicting the fall of the U.S. dollar as a personal and world reserve currency, calling individuals to abandon fiat money and invest in more sound alternatives. Robert Kiyosaki, the author of the book Rich Dad Poor Dad, has been alerting his followers about this since some time ago, stating that the U.S. dollar was “toast,” as Saudi Arabia manifested its intention of joining BRICS in October. Also, Kiyosaki recommended buying bitcoin to avoid the crash of the dollar, that according to his opinion, would occur by January 2023.


In March, Musk made recommendations on social media for his followers on inflation rates and how he believes in dumping dollars to acquire physical assets.


Musk explained: As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high.


Furthermore, Musk clarified that he would not sell his bitcoin or dogecoin at that moment. Tags in this story Argentina, Brazil, brics, common currency, Elon Musk, latam, robert kiyosaki, Sergio Massa, Tesla, U.S. dollar


What do you think about Elon Musk’s take on the reports about the issuance of a Latam common currency? Tell us in the comments section below. Sergio Goschenko


Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Quicknode Raises $60 Million in Series B to ‘Fuel Blockchain Adoption’ and Expand Globally NEWS | 15 hours ago Washington Townhome Tied to Disgraced FTX Co-Founder Listed for $3.28 Million Amid Controversy and Bankruptcy NEWS | 17 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleMPC Wallet Development: Antier’s Stunning Take on Building Super-Secure Crypto Products Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItSEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale


Grayscale Investments" CEO explains that the U.S. Securities and Exchange Commission (SEC) could potentially violate the Administrative Procedure Act by not approving a spot bitcoin exchange-traded fund (ETF). SEC Approving Spot Bitcoin ETF Is "a Matter of When and Not ... read more.Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing Ethereum Foundation"s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether

News Feed

Vitalik Buterin has an open-source solution to Elon Musk’s Microsoft OS issues
Prashant Jha46 minutes agoVitalik Buterin has an open-source solution to Elon Musk’s Microsoft OS issuesA few users on X lauded Buterin for promoting open-source software; however, a few others also pointed out that Li
TRUMP Meme Coin Plants Flag On TRON Network—Details
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Sorare Partners With NBA to Build a Licensed NFT Game
Sorare Partners With NBA to Build a Licensed NFT Game Sorare, a French fantasy game startup, reached an agreement with the National Basketball Association (NBA) to build a non-fung
UN Agency Urges Authorities to Curb Cryptocurrency Expansion in Developing Countries
UN Agency Urges Authorities to Curb Cryptocurrency Expansion in Developing Countries A United Nations trade body has recommended a set of policy actions to “curb the expansi
Over a Hundred 10-Year-Old Bitcoin Addresses Signed: Message Calls ‘Craig Wright a Fraud’ 
Over a Hundred 10-Year-Old Bitcoin Addresses Signed: Message Calls "Craig Wright a Fraud" Not too long ago, news.Bitcoin.com reported on Craig Wright’s recently submitted bit
Michael Saylor Publishes Open Letter Discussing the ‘Sheer Volume of Misinformation’ Tied to Bitcoin
Michael Saylor Publishes Open Letter Discussing the "Sheer Volume of Misinformation" Tied to Bitcoin The Microstrategy executive Michael Saylor is a big believer in Bitcoin as his
Coinbase to Improve Customer Support in US and India by Acquiring AI Platform Agara
Coinbase to Improve Customer Support in US and India by Acquiring AI Platform Agara Coinbase is acquiring an AI-powered support platform Agara in an effort to deliver “world
XRP Silent Accumulation: A Falling Wedge On The Verge Of Explosion
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Alice Ivey10 hours agoHow to protect your privacy onlineDiscover effective strategies to maintain online privacy and learn how to safeguard your personal information while navigating the digital landscape.557 Total views
Paraguay to reconsider Bitcoin mining ban, mulls selling energy to miners
Brayden Lindrea4 hours agoParaguay to reconsider Bitcoin mining ban, mulls selling energy to minersParaguay’s lawmakers have proposed an alternative to a controversial Bitcoin mining blanket ban and are set to debate t
Intel and AfDB to train millions of Africans in AI
Amaka Nwaokocha20 hours agoIntel and AfDB to train millions of Africans in AIThe initiative aims to equip many Africans with skills in advanced technologies like artificial intelligence, robotics and data science.4753 To
Legendary Analyst Peter Brandt Lists 6 Reasons Bitcoin Has Flipped Bullish
Este artículo también está disponible en español. After a week of notable crashes, Bitcoin has again seen life breathed into its price trajectory and has reclaimed its ma