© Reuters. Could Bitcoin Or Dogecoin Be ‘Right Long-Term Bet’ For Argentina, Brazil’s Common Currency? Cryptoverse Weighs In
Benzinga – As Brazil and Argentina take the first steps towards creating a common currency, Coinbase (NASDAQ: COIN) CEO Brian Armstrong suggests the two nations should consider moving to Bitcoin (CRYPTO: BTC) instead. He believes this could be the “right long-term bet” for their currency.
What Happened: Brazil and Argentina are taking steps to deepen economic integration, which includes the goal of establishing a common currency.
Cryptocurrency enthusiasts are calling for Argentina and Brazil to adopt their favorite coins.
Dogecoin (CRYPTO: DOGE) enthusiast ‘Doge Whisperer’ has said that Dogecoin could potentially make “more sense as a currency” due to Bitcoin’s status as” a store of value,” a tool for building generational wealth, and a “hedge against inflation.”
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Meanwhile, Litecoin (CRYPTO: LTC) supporter Shan Belew has suggested that perhaps the decision-makers behind Dogecoin should consider switching to Litecoin as a long-term bet.
Wonder if they would consider moving to Litecoin – that would probably be the right long term bet
— Shan Belew �
