Three months ago when Venezuelan President Nicolás Maduro launched the news of Petro Coin or "Petro", many users started looking for information about this currency, but there was already a currency with the same name "PetroDollar". .
PetroDollar was dead, the owner had abandoned the project for more than 3 years, but the confusion with Maduro's cryptocurrency caused its value to increase by 2500% in 24 hours.
Is it true that the more closed the currency (government control) the more growth it will have? Why?
The debate of big Bitcoin investors has been the same: Volatility! Being a decentralized currency makes it very volatile. However, if there is a regulator in this case, a government, its value may be more stable and that will attract the attention of large investors, then increase its value.
What do you think?
Image by Segundo Enfoque website
