The headline is stark: the US Treasury has just finalized a $20 billion currency swap arrangement with Argentina's central bank. Bitcoin maximalists are not exactly impressed. To stabilize Argentina's wobbling economy, it has purchased Argentine pesos directly on the open market. This is no subtle gesture. It's a full-throttle effort to prop up a key [...]The post Argentina Bailout: Why Is the US Buying Pesos When it Could Buy Bitcoin? appeared first on The Coin Republic.