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Massify bitcoin? Presidential candidate investigates the interest of Chileans

Within the framework of the entry into force of the Bitcoin Law in El Salvador, José Antonio Kast, presidential candidate for the elections to be held on November 21 in Chile, opened up to the possibility to massify the use of bitcoin (BTC) in the South American country.

The lawyer, founder of the Republican Party of Chile, wrote a message on his Twitter account this September 8 asking his followers on the possibility of promoting the adoption of cryptocurrency .

Without openly indicating if he is in favor of bitcoin, the tweet de Kast invited Chileans to comment on the decision of the Salvadoran president, Nayib Bukele, to give the cryptocurrency the rank of legal tender, a fact that took place on September 8.

Chileans divided: for and against bitcoin

Responses to Kast’s question ranged from those in favor to those in favor against of the proposal.

Thus, while some tweeters repeated the speech that accuses bitcoin of being the source of the laundering of money and scams, others questioned those who made this type of observations and highlighted the traceability of the blockchain network , which allows transparent monitoring of transactions.

Some comments they focused on the differences between fiat money and cryptocurrencies. At this point, many supported the Chilean peso saying that it inspired more confidence, due to its centralized nature as it was issued by a government.

In contrast, there were those who came out in defense of the decentralization of the money. They cited the properties of cryptocurrency wallets, also highlighting the importance of preserving the privacy of users.

They also referred to the issue of BTC volatility, seeing this feature as incompatible with the safeguard of value. Some responses refuted these views, highlighting the fact that if you see price changes over time, the cryptocurrency has the upper hand.

«Imagine the savings, since 2010 bitcoin … ‘too volatile’ has about 10,000,000% of profit, ”wrote @OtakuBitcoinero. This, while @banco_central_ pointed out: «It has been up for 10 years, if you look at the longer-term trend. For those who have been around longer, of course it has protected against inflation. ”

Republican Party with plans to digitize the State

When observing the responses, José Antonio Kast continued to investigate the interest of Chileans in new technologies:

“I see that the cryptocurrency discussion has supporters and detractors. What do you think of advancing in blockchain-based technologies to decentralize the central government, end the monopoly and over-costs in the State? “, Said the candidate in another tweet, again receiving mixed comments.

For now, it is unknown if Kast -who aspires to occupy a place in the Palacio de la Moneda for the period 2022-2026- has plans to massify the use of bitcoin or implement blockchain platforms in Chile.

According to publications in local media, what is known so far is that the Republican Party of Chile, identified as right-wing, includes among its plans the digitization of the State. For this, it contemplates «connecting and computerizing its services, based on models of e-government from countries such as Australia, Singapore and Estonia. “

In that sense, in Last July, another candidate for the Chilean presidential elections made a more forceful statement, against bitcoin.

As reported by CriptoNoticias, Ignacio Briones, representative of the Political Evolution party, showed a more favorable inclination by Fintech before bitcoin and cryptocurrencies. For the politician and economist, one must be “cautious” since, according to what he says, they are not stable in their price, they are not regulated and are in a “gray” zone.

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Sandra Loyd
Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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