Founder of Mercado Livre returns to defend Bitcoin
Marcos Galperin, founder of Mercado Livre, once again reaffirmed his defense of Bitcoin (BTC), highlighting its importance as an alternative to traditional financial systems.
In a recent interview with the Argentine newspaper La Nación, Galperin highlighted that Bitcoin represents a crucial advance. This is because it offers users a currency that is controlled by governments or financial institutions. According to him, this characteristic provides greater freedom and protection against the depreciation of state monetary policies.
Galperin invested in Bitcoin for the first time in 2013. In the interview, he reinforced that cryptocurrencies, especially Bitcoin, will play a fundamental role in the future of personal finances.
“Cryptocurrencies are going to play a very important role in people’s financial future,” he said.
The executive highlighted that, in a scenario where governments face growing fiscal deficits, having a currency that cannot be manipulated or devalued by governments is essential.
“Bitcoin offers this stability, being a currency that protects individuals against inflation and forced devaluation,” he stated.
Founder of Mercado Livre defends Bitcoin
The founder of Mercado Livre has already expressed his opinion about Bitcoin on other occasions, including comparing it to gold as a safe store of value in times of crisis.
For him, BTC has the potential to replace the precious metal as the main financial refuge in times of economic uncertainty. In October 2020, Galperin highlighted that Bitcoin could play the same role as gold in fragile economies, providing a solid alternative for those seeking financial security.
In addition to his views on Bitcoin, Galperin has implemented this vision in his own company. Mercado Livre, one of the largest e-commerce platforms in Latin America, already has Bitcoin in its corporate reserves. Until August 2024, the company maintained 412 Bitcoins in its treasury, a strategy that has been adopted by several companies around the world as a way to diversify and protect their assets.
Galperin's defense of Bitcoin goes beyond speech. He believes cryptocurrencies are a natural response to increasing government control over economies.
“Governments, when faced with deficits, often resort to creating more debt or printing money, which increases the risk of inflation. Bitcoin emerges as a solution that does not depend on these traditional mechanisms”, explained the businessman.
Over the past few years, Galperin has been one of the leading advocates of Bitcoin in Latin America, and his vision for the future of finance aligns with the global movement towards adopting cryptocurrencies as a store of value and medium of exchange.