Alejandro Diaz de Leon is confident that in the near future Mexico will not follow the example of El Salvador and will not provide the first cryptocurrency with the status of a means of payment.
Bank of Mexico Governor Alejandro Diaz de Leon in an interview with Reuters criticized bitcoin and pointed out that the use of cryptocurrency is more like a barter exchange than “developed” paper money.
De Leon also called the first cryptocurrency a bad store of value and a high-risk investment.
According to the official, in the near future Mexico will not follow El Salvador and will not provide bitcoin with the status of a full-fledged means of payment.
On September 7, in El Salvador, a law came into force that equated bitcoin with a legal means of payment, on a par with the US dollar.
Also on this day, the country’s authorities announced the purchase of 400 bitcoin. Later, the government of El Salvador bought another 150 bitcoin.
Buying the dip 😉
150 new coins added.#BitcoinDay #BTC🇸🇻
— Nayib Bukele 🇸🇻 (@nayibbukele) September 7, 2021
“We believe that the transaction is more like a barter, because a person exchanges goods for goods, and not money for goods,” – said de Leon.
On September 10, American billionaire and investor Leon Cooperman (Forbes estimates his fortune at $ 2.5 billion) admitted that he still does not understand Bitcoin, despite the fact that the cryptocurrency has grown by more than 7,600% over the past five years.
Cooperman urged those who, like him, are poorly versed in the matter, to exercise caution when investing in cryptocurrency.
