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Latin America through the eyes of JP Morgan.
( $USDC )
Eyzaguirre spoke during the annual Council of the Americas (COA) conference in Mexico City, held on May 20, about the challenges and opportunities facing Mexico, but also Latin America.
He pointed out that Latin America is a region with nearly 700 million inhabitants, where the average age is 31 years, making it a relevant market as developed countries age, including China.
Furthermore - he added - Latin America has a strategic location that is 'worth gold' in times of geopolitical risk, as it is a region that is very far from all geopolitical conflicts and has been 'at peace' for decades.
Peace is an asset that has long been taken for granted, but now holds significance among companies, so being in a peaceful region has a strategic value for investors that should not be underestimated.
Geographical proximity to the United States is another undeniable attribute in favor of Latin America, in addition to the fact that the region has 30% of the freshwater resources, 25% of arable and forest land, 20% of the world's proven oil reserves, and has copper, lithium, nickel, and cobalt, critical minerals for the energy transition.
Mexico even has a better position than the rest of the countries in Latin America. Eyzaguirre highlighted that Mexico is the fourteenth largest economy in the world and has a more strategic location by sharing a 3,000-kilometer border with the United States.
He added that the country has an educated workforce, a diversified and consolidated manufacturing base, a relevant infrastructure network, trains, airports, and ports that help position the Mexican economy.
#JPMorgan
( $USDC )
Eyzaguirre spoke during the annual Council of the Americas (COA) conference in Mexico City, held on May 20, about the challenges and opportunities facing Mexico, but also Latin America.
He pointed out that Latin America is a region with nearly 700 million inhabitants, where the average age is 31 years, making it a relevant market as developed countries age, including China.
Furthermore - he added - Latin America has a strategic location that is 'worth gold' in times of geopolitical risk, as it is a region that is very far from all geopolitical conflicts and has been 'at peace' for decades.
Peace is an asset that has long been taken for granted, but now holds significance among companies, so being in a peaceful region has a strategic value for investors that should not be underestimated.
Geographical proximity to the United States is another undeniable attribute in favor of Latin America, in addition to the fact that the region has 30% of the freshwater resources, 25% of arable and forest land, 20% of the world's proven oil reserves, and has copper, lithium, nickel, and cobalt, critical minerals for the energy transition.
Mexico even has a better position than the rest of the countries in Latin America. Eyzaguirre highlighted that Mexico is the fourteenth largest economy in the world and has a more strategic location by sharing a 3,000-kilometer border with the United States.
He added that the country has an educated workforce, a diversified and consolidated manufacturing base, a relevant infrastructure network, trains, airports, and ports that help position the Mexican economy.
#JPMorgan
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BRICS: Demand for US dollars for oil payments is growing, local currency is depreciating
The attempts by BRICS to convince other countries to abandon the US dollar and use local currencies for oil payments are failing. Nigeria followed suit and announced in October that the country's oil refineries would only accept the Nigerian naira to boost its national currency. The refineries accepted the government order and began accepting local currencies for oil transactions and cross-border payments.
Problems began immediately with the depreciation of the Nigerian naira against the US dollar, resulting in losses for all oil refineries. Nigerian oil companies began to show their discontent with government policies, and unions and lobbying groups pressured officials to revoke the mandate so they could accept the US dollar and maintain their companies' revenues and balances in profits. Nigeria is now paying a high price for abandoning the US dollar and following the BRICS agenda for oil payments.
#TrumpTariffs
$BTC
$USDC
The attempts by BRICS to convince other countries to abandon the US dollar and use local currencies for oil payments are failing. Nigeria followed suit and announced in October that the country's oil refineries would only accept the Nigerian naira to boost its national currency. The refineries accepted the government order and began accepting local currencies for oil transactions and cross-border payments.
Problems began immediately with the depreciation of the Nigerian naira against the US dollar, resulting in losses for all oil refineries. Nigerian oil companies began to show their discontent with government policies, and unions and lobbying groups pressured officials to revoke the mandate so they could accept the US dollar and maintain their companies' revenues and balances in profits. Nigeria is now paying a high price for abandoning the US dollar and following the BRICS agenda for oil payments.
#TrumpTariffs
$BTC
$USDC
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$BTC Bitcoinization is already here: $BTC
Bitcoin has risen 110 million times since 2009, which is seen as the superinflation of the dollar and the beginning of the bitcoin era that redefines money.
Since 2009, the dollar has devalued by 10.4% monthly against BTC, surpassing the superinflation threshold.
The dollar crisis after 1971 and 2008 has devastated the middle class in the United States, according to Mallers.
Since October 12, 2009, the date of the first known transaction of US dollars (USD) for bitcoin (BTC), made by Martti Malmi, the digital currency has experienced exponential growth. Back then, it was worth less than 0.1 cent. Today, more than 187 months later, it has reached a new all-time high exceeding 110 thousand dollars per unit.
The above is based on an analysis by tech investor Balaji Srinivasan who argues that, while traditional hyperinflation – commonly defined as a 50% monthly price increase – has not yet hit the dollar, a form of 'superinflation' is already underway when measuring its value against bitcoin. This concept, called 'superbitcoinization', redefines the loss of value of the dollar by comparing it to the meteoric rise of the pioneering digital currency
Bitcoin has risen 110 million times since 2009, which is seen as the superinflation of the dollar and the beginning of the bitcoin era that redefines money.
Since 2009, the dollar has devalued by 10.4% monthly against BTC, surpassing the superinflation threshold.
The dollar crisis after 1971 and 2008 has devastated the middle class in the United States, according to Mallers.
Since October 12, 2009, the date of the first known transaction of US dollars (USD) for bitcoin (BTC), made by Martti Malmi, the digital currency has experienced exponential growth. Back then, it was worth less than 0.1 cent. Today, more than 187 months later, it has reached a new all-time high exceeding 110 thousand dollars per unit.
The above is based on an analysis by tech investor Balaji Srinivasan who argues that, while traditional hyperinflation – commonly defined as a 50% monthly price increase – has not yet hit the dollar, a form of 'superinflation' is already underway when measuring its value against bitcoin. This concept, called 'superbitcoinization', redefines the loss of value of the dollar by comparing it to the meteoric rise of the pioneering digital currency
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