Serial investor and Bitcoin bull Tim Draper has taken his advocacy of the cryptocurrency a step further – by making a bet with the president of Argentina.


Draper Lures Macri With Money For Nothing

As local news outlet La Nación reported March 22, Draper sees Bitcoin as the ideal tool to combat Argentina’s economic woes.

He met with president Mauricio Macri last Wednesday, ahead of a Fintech and Blockchain summit organized by his dedicated Argentine fund, Draper Cygnus.

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The 60-year-old remains in the spotlight after hitting mainstream media headlines for a different kind of Bitcoin plug last week.

“We talked about bitcoin and the devaluation of the peso, and I proposed a bet,” the publication quotes him as telling the audience of the summit.

[I]f the peso is valued more than Bitcoin, I double the investment I am making in the country; and if Bitcoin acquires more value than the peso… that would be a perfect solution because there is no confidence in the currency.

Not Just Venezuela

As Bitcoinist has mentioned,…

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Source: https://thebitcoinnews.com/tim-draper-bets-on-the-price-of-bitcoin-with-argentina-president/