Central Bank, cryptocurrencies: how Argentina will have reserves in bitcoin

Several nations are evaluating the possibility of allocating a portion of their resources to create a reserve in cryptocurrencies. What is happening in the country.

Donald Trump's proposal to create a strategic reserve of Bitcoin in the United States generated great interest, not only in the crypto community but also among other nations.

The idea, which seeks to position the digital currency as a strategic asset similar to gold, was seen as a way to diversify national reserves and protect against the shocks of the international economy.

Even consulting firms like VanEck suggest that such a proposal would reduce the external debt of the US by 36% by 2050, a proposal aligned with the plan of Senator Cynthia Lummis, who advocates for the country to accumulate one million bitcoins in the next five years.

National Bitcoin Reserve will take place in Argentina. The project to implement a national Bitcoin reserve is latent in Argentina. Although there was no direct mention, the free competition system of currencies advocated by President Javier Milei includes the possibility for citizens to save and trade with crypto-assets freely.