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Venezuela’s potential as a Bitcoin mining hub: Mauricio Di Bartolomeo’s perspective
- Presidents like Bukele and Milei demonstrate how pro-bitcoin policies can actually improve economies.
- According to Di Bartolomeo, Venezuela could become a center for Bitcoin mining under a new government.
Ledn co-founder Mauricio Di Bartolomeo highlights the growing impact of cryptocurrencies on the upcoming elections in Latin America. He emphasized the preference of citizens for candidates who support Bitcoin as a solid financial alternative. Presidents such as Bukele in El Salvador and Milei in Argentina have shown that pro-bitcoin policies can be popular and effective in improving economic conditions.
Di Bartolomeo predicts that the next election cycle in the region will be strongly influenced by the adoption of Bitcoin and the search for improvements in the monetary system. He highlighted the case of El Salvador, where Bukele combined security policies with the adoption of Bitcoin as legal tender, sparking national interest and reviving the tourism economy.
People in Guatemala and Nicaragua who have seen El Salvador’s transformation want their economies to transform too. If the Bitcoin formula worked for El Salvador and Argentina, why not try it?
In Argentina, Javier Milei has promoted initiatives to improve the monetary system and reduce the influence of the central bank, gaining popular support. Di Bartolomeo points out that these actions have resonated beyond national borders, influencing voters in neighboring countries such as Guatemala and Nicaragua.
According to the Ledn co-founder, the recent ban on Bitcoin mining in Venezuela under Maduro’s government could change with new leadership. Di Bartolomeo suggests that political change could turn Venezuela into a Bitcoin mining hub, exploiting its energy resources. Recent polls show that Edmundo González, supported by María Corina Machado, leads Maduro by 6 to 1, reflecting popular discontent with current policies.
Venezuela’s regaining of freedom could represent an unknown factor not only for Bitcoin and cryptocurrencies, but for the entire region.
Di Bartolomeo concludes that the interest and adoption of Bitcoin in Latin America reflects a growing demand for a more stable and transparent financial system.
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