Bitcoin Limits Influence On South America – Bitcoin Magazine

Bitcoin Limits Influence On South America – Bitcoin Magazine

  • Bitcoin
  • September 18, 2022
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This is an opinion editorial by Vinicius Piscini, a bitcoin pleb.

Despite the great growth potential of countries in Latin America, such as Brazil, Argentina, Chile and even Paraguay, external influences contribute to the stagnation and purposeful economic decline of these countries. We can affirm that the international protagonism that such potential would provide in normal times of fair competition is dwarfed by the manipulations of great powers, prominently the U.S. and China..

Several players are interested in exerting their influence in the developing world. The American financial system, characterized by the hegemony of the dollar in international reserves and the relevance of American monetary policy for other countries, ensures that the U.S. is on an unreachable 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), making it impossible for unfair competition.

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