Argentina’s President Calls Crypto a ‘Hard Currency’ that Can Fight Inflation

But you talk about bitcoin while the President was talking about Russian and China’s crypto currencies.

It's not cryptocurrency, it's digital currency. There is a difference.

But for you the problem is money printing.

The problem is when you have debt in a foreign currency, you can't print because it devalues your currency and makes it more expensive to pay off the debt. That is the cycle Argentina always finds itself in. One government borrows massive amounts in USD, the next prints for funding, which makes paying the debt difficult.

The US and Japan for example can run up huge debts because they borrow in their own currency. Printing makes their debt cheaper, not the other way around.
 
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