Jan 15, 2021
Argentine Billionaire Marcos Galperin Says Bitcoin a 'Better Store of Value Than Gold' as Officials Plan to Print More Pesos
Argentine billionaire and CEO of the e-commerce platform Mercado Libre, Marcos Galperin says bitcoin is a better store of value than gold. However, the billionaire thinks the crypto will not replace fiat currency due to what he terms the high “energy cost required to process its transfers.”
Bitcoin Mining Energy Consumption Misconception
Galperin, who has an estimated net worth of $7.7 billion, made the remarks when responding to an inquiry from a Twitter user. The user wanted to know if the billionaire was a BTC holder as well as his opinion on the possibility of Argentina adopting cryptocurrencies.