European conquistadors as soon as got here to Latin America to rob the indigenous inhabitants of its gold. At present, folks from the worldwide North are coming once more. This time, they declare to be bringing gold with them. Digital gold, that’s. Specifically, Bitcoin.
Whereas right here in Europe, cryptocurrency is perceived by many as a speculative object with a doubtful status, within the international South it’s seen as a possibility. Why is that? The documentary “Bitcoin in Latin America” takes an thrilling street journey via Guatemala and El Salvador.
The Bitcoin utopia guarantees extra monetary participation, the growth of infrastructure via inexperienced mining, and new traders attracted by mega-projects just like the deliberate “Bitcoin Metropolis” in El Salvador. However what lies behind these guarantees?
In Guatemala, a U.S. citizen and former army physician in picturesque Panajachel is making an attempt to mine gold from trash via Bitcoins. However does not that sound too good to be true? In El Salvador, President Nayib Bukele even launched the Bitcoin as a second state foreign money – one yr later, nonetheless, there was much less and fewer proof of Bitcoin residing as much as the hype. Is the Bitcoin utopia simply that – a dream, with none bearing on actuality? Or can it really change one thing?
#documentary #dwdocumentary #bitcoin #latinamerica
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