Probably a good idea - news

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Latam common currency Brazilia Argentina Elon Muschus

Elon Musk, CEO of Twitter, SpaceX and Tesla, has expressed his opinion on the latest reports on the creation of a common currency in Latin America, on which Argentina and Brazil are supposed to work. Musk said that this step was "probably a good idea" and commented on the topic on social media.

Elon Musk gives his view of the common currency Latam

The latest that Brazil and argentina will start output for a common currency Reviewing Latam have already triggered reactions all over the world. Elon Musk, CEO of Twitter and Tesla, recently pronounced his recognition for the edition of such a currency that would create a common economic area for the countries of Latam.

In response to a tweet that said that other nations in Latam were invited to join the plan to create the second largest monetary union behind the European Union, Musk specified :

Probably a good idea.

The Argentine Economic Minister Sergio Massa warned that this discussion is only one of the first steps in building the currency, which is temporarily called "sur" and that it could take some time for this Initiative to be completed. The purpose of this currency would be to undermine the strength of the US dollar in the region.

distrust in the dollar

There were several personalities who predicted the case of the US dollar as personal and global reserve currency and called on individuals to give up Fiat money and invest in solid alternatives. Robert Kiyosaki, the author of the book Rich Dad Poor Dad, has been drawn to his supporters for some time now, specify that the US dollar was a "toast" when Saudi Arabia intended to join BRICS in October. Also kiyosaki recommended to buy the crash des crash des crash des To avoid dollars, which in his opinion would occur until January 2023.

In March, Musk Recommendations for his supporters via Inflation rats and how He believes in selling dollars for the acquisition of property.

Musk explained:

As a general principle, the advice of this thread is considered that it is generally better to have physical things like a house or stocks of companies that they believe that they produce good products than dollars when inflation is high.

In addition, Musk made it clear that he would not sell his Bitcoin or Dogecoin at that moment.

What do you think of Elon Musk's attitude to the reports on the issue of a Latin American community currency? Tell us in the comment area below.

Sergio Göschenko

sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game and entered the cryptosphere when the price increase took place in December 2017. He has a background as a computer engineer, lives in Venezuela and is affected by the cryptocurrency boom on a social level. It offers a different perspective on the crypto success and how it helps those who have no bank account and are under-supplied.

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