Colombian President’s Advisor: Bitcoin Is the Most Brilliant Piece of Software (Exclusive)
2021-09-03 23:54:46 Primitive Reading


Ever since El Salvador made history by announcing intentions to adopt Bitcoin as a legal tender, the situation in this regard within the Central and South American region has changed.

Other nations, such as Paraguay and Argentina, have dabbled with the idea, but to no actual progress so far.

Another country from the Latam region whose citizens have been openly interested in BTC is Colombia. CryptoPotato recently had the chance to chat with the Advisor to the nation’s president – Jehudi Castro Sierra.

As previously reported, Castro Sierra made a name for himself in the crypto community after lashing out against the popular Bitcoin hater – Peter Schiff.

Most Brilliant Piece of Software

During the interview, Castro Sierra explained that he is not a politician but a geek who approaches the primary cryptocurrency from that angle.

His career path has a deep connection to the software industry, which has introduced him to Bitcoin years ago. In fact, he referred to the cryptocurrency as the “most brilliant piece of software ever.”

To prove his point, Castro Sierra touched upon the recent mining adjustment processes. After China went against BTC miners and ordered them to shut down, the hash rate plummeted by more than 50% in a month. The network reacted as it’s supposed to be, making it easier for active miners to do their job while the cast out ones migrated. As such, the hash rate recovered to a large extent.

“I approached Bitcoin as a great open-source project. After some time, I also got interested in the monetary innovation that it represents, and I am still discovering amazing new things every day.”

Jehudi Castro Sierra. Source:

Bitcoin in Colombia

While stressing out that he is not a politician perse, Castro Sierra outlined his connection to the political scene in Colombia. It includes being the CTO of a presidential campaign, Deputy Minister and is now the Advisor to the Presidency.

However, he clarified that his role is entirely related to technology and digital transformation. With various projects related to those two spheres, Castro Sierra outlined some of the progress achieved so far and said the country has become focused on BTC and other virtual currencies.

“Currently, one of the main focuses is around cryptocurrencies. We have an innovative sandbox where we allow exchanges to reach the citizens in an easy and secure way. The idea is with the information collected on this sandbox to have a friendly regulation that incentivizes innovation and attracts investment.”

Castro Sierra also spoke about El Salvador’s BTC adoption by calling it a “bold move.” He acknowledged some of the potential risks but ultimately believes it would “bring new investments.”

Disclaimer: This specification is preliminary and is subject to change at any time without notice. Amazon Finance assumes no responsibility for any errors contained herein.

Recommended reading
PSG SUPER GUILD’s Ibrahim “Fudge” Allami will be the first Oceanic export to make an international event at MSI 2021

10-22     Amazon Finance     200 Reading

Rise of the GameFi Circuit, DRT Games Set Foot on the Journey to Break the Circle

10-22     Amazon Finance     113 Reading

NFT Lab and R3 Blockchain Alliance reached a strategic cooperation Jointly promote the development and construction of the NFTT platform

10-22     Amazon Finance     163 Reading

YGG joins hands with FTN-LEA to build a global chain tour guild (DAO) system and create a global chain tour guild benchmark!

10-22     Amazon Finance     163 Reading

Encrypted Habitat, Digital Twins| NFT-BluSea Forum Ends Successfully

10-22     Amazon Finance     171 Reading

Ecology Blockchain: Boost Traditional Enterprises in Accessing to the Decentralized Business Ecology

10-22     Amazon Finance     102 Reading

X10 Legends Jointly Held Online Launch Meetings in Many Places Around the World.

10-22     Amazon Finance     145 Reading

Ecology Blockchain: Pacemaker of Ecological Application, Creating the Strongest Consensus of Blockchain Ecological Application

10-22     Amazon Finance     181 Reading

Blockchain technology enters the business world and NEMANJA will keep focusing on the technology

10-22     Amazon Finance     62 Reading

A new generation of fully decentralized exchanges, Node Swap, is coming online

10-22     Amazon Finance     202 Reading

NEMANJA Global cooperated with several enterprises to start the road of global development

10-22     Amazon Finance     92 Reading

FTN-DEX decentralized trading platform enters into a strategic partnership with Canadian foundation Oasis

10-22     Amazon Finance     95 Reading

200 FWNFT sold out in 11 minutes, the fifth phase of sale will start on October 10

10-22     Amazon Finance     173 Reading

The phase Ⅲ of FWNFT was sold out, with a total subscription of 211.8 million USDT

10-22     Amazon Finance     67 Reading

FWNFT phase II was available for sale today and 400 FWNFT tokens were sold out in 9 minutes

10-22     Amazon Finance     103 Reading