International journalist and media defender of Bitcoin Max Keiser gave a presentation at Labitconf in Montevideo, Uruguay, in which he explained the affect that cryptocurrencies generate in the global scenario and especially in the Latin American region.

With a talk entitled "Why Bitcoin Matters in Emerging Markets," Keiser took the phase in his casual mode, with a sports jacket and shorts, only mainly with a very critical tone towards trust money and the traditional economical and financial system.

Keiser stressed that Bitcoin'southward first function is to make clean upward the mess left in the world by fiat money. One of the points he highlighted during the presentation was: "The inherent violence of fiat money must be replaced by the peaceful nature of Bitcoin."

On the other manus, he noted that politicians in the United States are outset to have into account what cryptocurrencies are all about, and quoted Representative Brad Sherman, who had best-selling that Bitcoin's purpose is to accept their power away.

For Keiser, "Bitcoin is the currency of a global revolution and the nightmare of trust money," as he put it during Labitconf, information technology's "resistance money."

On the other hand, he said that when we talk almost regulations and regulators, we have to bear in mind that these regulators are paid in fiat money.

Keiser too took the opportunity to talk about Argentina, saying that Argentine republic is a good identify to adopt Bitcoin equally the state has lived through recurrent times of economical and social crisis in recent decades.