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BITCOIN GETS MORE USER RECOGNITION IN ARGENTINA  by E. Okorie, 14th of July , 2021

Bitcoin have become a valuable asset over all the world and getting more recognition in Argentina. As a result of this, Argentina lawmakers have passed a bill for workers to receive their full or partial salary payment in bitcoin.

The bill was passed by José Luis Ramón. He is the national deputy for the Mendoza province in Argentina. He believes that this implementation of this bill would benefit the country by strengthening their existing autonomy and conserve the purchasing power of the worker's renumeration. He also claimed that bitcoin has been used in Argentina for a long time due to the benefits it offers.

This move shows more users are adopting bitcoin and push for it's usage as a legal tender in their respective countries just like El-Salvador's decision.

If this bill is adopted, it would mean a positive bullish sentiment for long term investment as the $31,000 key support level seems impenetrable. Bitcoin price have been within the range of $31600 and $36000 for a while gaining more support. Argentina would be the second country to accept bitcoin as a legal tender if this bill is adopted.