Dec 22, 2022

“There is only state currency”; Lula’s new economic policy secretary has already criticized Bitcoin using pyramid as an argument Share (Image: Marcos Oliveira/Agência Senado) Guilherme Mello was appointed secretary of Economic policy and will work alongside Fernando Haddad at the Ministry of Finance in the Lula Government, which will begin on January 1, 2023. Find out who Guilherme Mello is, the future Secretary of Economic Policy - Advertisement - The economist and sociologist, with a master’s degree in Political Economy from PUC-SP and a doctorate in Economic Sciences from Unicamp, has already commented on the Bitcoin (BTC) on some occasions. Check out Guilherme Mello’s statements about Bitcoin: In an interview given to Rede Brasil Atual in 2018 – in the midst of the market’s first crypto winter -, Mello commented that he thought it unlikely that an eventual ‘burst’ in the cryptocurrency market would cryptocurrencies provoke a structural crisis in the financial system. - Advertisement - But that all depended on who the people who own those assets really are. “It will depend a lot on who owns this ‘coin’, how big bitcoin is on people’s balance sheets. It is necessary to assess whether the fall of bitcoin, which is already happening, will generate distrust in the sense that people, companies and investors they will go into default, stop paying their commitments”, he told the portal. Already in your twitter, returned to comment on Bitcoin, in the form of criticism. The publication was in October 2019, when Mello published a news about the Bitcoin Banco Group being out of liquidity to use as an argument that the currency is ineffective. The company declared bankruptcy in 2021, after the owner of the institution was arrested and accused of embezzling more than R$ 1.5 billion in cryptocurrencies???????? The company was unmasked shortly afterwards under the financial pyramid scheme. In his publication, the future secretary said he doubted that Bitcoin could be used as a currency trading???????? “For those who still believe that Bitcoin is the currency of the future, be warned: currency depends on social validation. Any private currency will always be at the mercy of the moods of the market, with no one to guarantee it. In this sense, there is only state currency, ”he says. For those who still believe that Bitcoin is the currency of the future, be warned: currency depends on social validation. Any private currency will always be at the mercy of the moods of the market, with no one to guarantee it. In this sense, there is only state currency. https://t.co/twEZaTFrjK