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Argentina's richest man praises bitcoin's ability to withstand government intervention

Marcos Galperin, founder and CEO of Mercado Libre, a Latin American e-commerce and financial services giant, shares his thoughts on bitcoin and cryptocurrencies. He revealed that he invested in bitcoin in 2013, when Mercado Libre sent a special envoy to the United States to study new technologies. Mr. Galperin praised bitcoin's independence from government interference, explaining: "When people see governments around the world running fiscal deficits, having a currency like bitcoin that governments can't devalue is absolutely essential."