Colombia's new president seems to be a fan of Bitcoin

Cointelegraph

Published Jun 21, 2022 05:00PM ET

Updated Jun 21, 2022 06:40PM ET

Gustavo Petro, who recently won the 2022 Colombian presidential election, has previously made statements in favor of cryptocurrencies.

Petro will replace Iván Duque Márquez as the president of Colombia on August 7 for four years after winning the second round of a run-off election on Sunday. The president-elect took to social media in December 2017 shortly after a major bull run to speak on the “strength” of Bitcoin (BTC). Petro hinted at the time that cryptocurrencies like BTC could remove power from government and traditional banks and give it back to the people.

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