Thornburg Investment Management Portfolio Manager Josh Rubin in Barron’s Advisor

Latin America Embraces Bitcoin. What’s Next for Crypto in Emerging Markets?

It has been little over a month since El Salvador became the first country to approve Bitcoin as legal tender. Starting Sept. 7, citizens of the Central American country will be able to conduct day-to-day transactions using the cryptocurrency, which will be used in parallel with the U.S. dollar, El Salvador’s main currency.

For wealth managers investing in emerging markets, the results of this monetary experiment conducted in a country the size of Massachusetts could have significant implications for other Latin American countries as they seek to adopt cryptocurrencies.

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