{"id":16860,"date":"2023-01-25T07:54:30","date_gmt":"2023-01-25T07:54:30","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/probably-a-good-idea-news-bitcoin-news\/"},"modified":"2023-01-25T07:54:30","modified_gmt":"2023-01-25T07:54:30","slug":"probably-a-good-idea-news-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/probably-a-good-idea-news-bitcoin-news\/","title":{"rendered":"‘Probably a Good Idea’ \u2013 News Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
\n<\/p>\n

\n
\n<\/header>\n
\n<\/div>\n

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 \u201cprobably a good idea,\u201d commenting on the topic on social media.<\/strong><\/p>\n

Elon Musk Gives His Take on Latam Common Currency<\/h2>\n

The latest reports<\/a> 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.<\/p>\n

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<\/a>:<\/p>\n

\n

Probably a good idea.<\/p>\n<\/blockquote>\n

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 \u201csur,\u201d 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.<\/p>\n

Distrust in the Dollar<\/h2>\n

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<\/a> that the U.S. dollar was \u201ctoast,\u201d as Saudi Arabia manifested its intention of joining BRICS in October. Also, Kiyosaki recommended<\/a> buying bitcoin to avoid the crash of the dollar, that according to his opinion, would occur by January 2023.<\/p>\n

In March, Musk made recommendations<\/a> on social media for his followers on inflation rates and how he believes in dumping dollars to acquire physical assets.<\/p>\n

Musk explained:<\/p>\n

\n

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.<\/p>\n<\/blockquote>\n

Furthermore, Musk clarified that he would not sell his bitcoin or dogecoin at that moment.<\/p>\n

What do you think about Elon Musk\u2019s take on the reports about the issuance of a Latam common currency? Tell us in the comments section below.<\/strong><\/em><\/p>\n

\n
\n<\/div>\n
\n
\nSergio Goschenko <\/h6>\n

\nSergio 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.<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

\n

Disclaimer<\/strong>: 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<\/a> 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.<\/p>\n<\/div>\n

\n