🌎🇨🇱 Chile changes political direction – but not “all in” Bitcoin
🗳 Quick summary for easy understanding:
Chile just elected a new right-wing president: José Antonio Kast (≈58% of votes)
The market reacted positively: peso & stocks recovered thanks to expectations of tax cuts – easing regulations – tightening crime
Many are asking: “Will it follow the Bitcoin path like El Salvador?”
👉 The short answer: NO.
🧠 Why isn't Chile becoming the “Bukele version of the Andes”?
🏦 The Central Bank of Chile is extremely cautious: researching CBDC, not fond of “crypto showcases”
👴 The huge pension fund ~230 billion USD: will only engage when there is a legal framework – custody – clear valuation
🧾 Crypto is taxed as an asset, so the path will go through ETFs, banks, funds, not administrative orders
🚦 The most reasonable scenario:
1️⃣ Domestic Bitcoin ETF/ETN for institutions
2️⃣ Banks allowed to custody & trade BTC
3️⃣ Further down the line: pension funds allocating very small amounts (just a few basis points is still billions of USD 💰)
🚫 There’s no way:
Bitcoin becomes legal tender
The president signs a decree and the public uses BTC to buy coffee ☕
🎯 Conclusion:
Chile may be friendlier to crypto, but in a technocratic way – slow but steady – from the bottom up. No noise, no showcases, but if institutional money flows in, then… very formidable.
🤡 This article is for fun reading and understanding world events. Not investment advice. If Chile hasn't adopted BTC yet, don’t rush to “all in because of political news” and then complain… ChatGPT said so 😆
#Bitcoin #CryptoPolicy #Chile #ETF #MacroCrypto