Argentine Peso and Charles Hoskinson's View - #Cardano $ADA
The Argentine peso leads the world in appreciation:
40% increase in real terms between December 2023 and October 2024.
It surpasses the Turkish lira (+16.5%) and the Malaysian ringgit (+8.5%).
In contrast, the Brazilian real depreciated by 13% in the same period. (Source: GMA Capital and BIS).
Charles Hoskinson's opinion on the appreciation of the peso:
He attributes the phenomenon to good leadership and favorable policies towards private currencies.
He highlights that Argentina is experimenting with monetary competition, similar to the European Union.
Structural reforms of the government of #Milei :
Focus on restructuring ministries and promoting transparency and accountability.
Political debate on delegating functions to the private sector or keeping them in the public sphere.
Comparisons with American models:
Relates Argentine deregulation to Elon Musk's staff-cutting strategies and US cost-cutting policies.
Hoskinson suggests a "cut and then rebuild" strategy, applying technology audits to improve efficiency.
Perspectives on cryptocurrencies and international politics:
Hoskinson believes that Argentina and the US could include cryptocurrencies in their presidential dialogues, increasing Argentine influence in global policies.
Next key event:
Cardano Constitutional Convention, December 4-6 in Buenos Aires and Nairobi.
👉 An economic and political transformation that positions Argentina as a unique case globally.
