Bitcoin up 1,000% in Argentina, Microstrategy has fabulous 2023 and AI-coin Render keeps rising

Argentina’s new president, populist Javier Milei, is moving ahead with his controversial plans to reform the country’s economy. Because of this, Bitcoin is getting ever closer to gaining official acceptance as a means of payment in Buenos Aires. Its price has already risen 1,000% in the large South American country in 2023.

Michael Saylor is certainly one of the biggest financial winners. His company Microstrategy saw their stock rise by as much as 300%. That is more than Nvidia or Meta for example.

In the broader crypto market we currently see several altcoins that have started a rally in the past few months. One of the big winners is definitely the AI-coin Render.

Contracts

Diana Mondino, Argentina’s newest Foreign Minister, made it clear last week that Javier Milei’s government has serious plans for Bitcoin. In a tweet, she confirmed that the largest digital currency could now be used to conclude contracts in the country.

🇦🇷 In Argentina, contracts can be settled in Bitcoin

Diana Mondino, the minister of foreign affairs, international trade and worship of Argentina, has claimed that a decree legalizing the use of certain currencies in contracts and for payments would apply to Bitcoin. pic.twitter.com/wxGmfVd9zk

— OG of WEB3 (@GIDEONONYEMACH1) December 23, 2023

In the past year alone, the price of Bitcoin rose by around 1,000% in the country. More and more Argentinians are buying Bitcoin to protect themselves against the rising hyperinflation.

Saylor

In 2020, Microstrategy, Michael Saylor’s investment and technology company, began purchasing Bitcoin. Not like you and me would do, but buying hundreds and even thousands of Bitcoins at the same time. Microstrategy purchased about 500 million dollar worth of Bitcoin that first year. Ever since then, Saylor has continued to buy, and today Microstrategy owns about 170,000 Bitcoins.

MicroStrategy stock has crushed Nvidia, Meta and even bitcoin this year as Michael Saylor’s massive crypto bet pays off https://t.co/TZS8VeaUlC

— Markets Insider (@MktsInsider) December 26, 2023

Because of the rising prices of digital currencies, Microstrategy saw its share value rise by 330% in 2023. That is better than Nvidia and Meta, those other major technology shares that also had a stellar year.

AI-programma

‘3D visuals’ are the graphics you can see in video games or virtual worlds. They were in the news very often this year because of image generator Dall-E, the AI-program that allows you to enter a line of text and then see it converted into an image by a computer.

$RNDR is kinda popular these months! 🤪#RenderToken primed to show some more strength | #Ai #Apple #iMac pic.twitter.com/KeFFN4mqmY

— ℙ𝕣𝕠𝕗. ⓣo𝖒𝖒y ₿.$.𝕏. 𝕯𝖎Cryℙti⭕️ ™ (@Thomash83191) December 27, 2023

A crypto token linked to this new technology is Render token.

Render provides spare computer power to allow everyone to create such 3D visuals. Thanks to the interest in AI and 3D images, Render increased explosively this year.