✔️ Information reviewed and updated in May 2024 by Eduardo López
Bitcoin and the New Era of the Argentine Economy
Since his election as president of Argentina with more than 55% of the votes, Javier Milei has made it clear that his economic vision goes hand in hand with the philosophy of Bitcoin and economic freedom.
Milei's Early Knowledge: Bitcoin as a Response to the Economic Crisis.
Javier Milei is no newcomer to the Bitcoin scene. Since 2017, he has shared his views across social media, advocating for the elimination of the Central Bank and highlighting decentralization as the natural response to the actions of the world's central banks.
Bitcoin in the Words of Milei.
From reflections shared in 2017 to recent interviews in 2023, we explore the evolution of Javier Milei's speech on Bitcoin and how he sees this cryptocurrency as the “natural reaction” to the practices of central banks.
Javier Milei, the elected president of Argentina, not only represents a change in public and economic policies, but also marks a milestone for the integration of Bitcoin in the country. From first mentions of him in 2017 to his recent claim that Bitcoin is “the return of money to its original creator, the private sector,” Milei has consistently advocated for cryptocurrency as the solution to central bank scams.
In his years before the presidency, Milei shared reflections from experts such as Andreas Antonopoulos, highlighting the idea that Bitcoin is an experiment in separation between currency and State. In his presentations, he spoke about the evolution of money and advocated the elimination of the Central Bank of the Argentine Republic.
The new president has not only talked theoretically about Bitcoin; He has also observed how Venezuelans, in the midst of a similar economic crisis, have turned to cryptocurrencies to escape hyperinflation. Additionally, Milei has insisted that Bitcoin can compete with other currencies and eliminate the inflation tax imposed by governments.
Although his administration will begin after December 10, the arrival of Javier Milei has generated expectations in the community regarding greater consideration of Bitcoin in Argentina's economic policies. The cryptocurrency has already been a refuge for many Argentines during years of inflation crisis, and Milei's presidency could lead to greater integration of Bitcoin into the country's economy.
Javier Milei's presidency is marking a significant shift in Argentina, and his pro-Bitcoin stance suggests the cryptocurrency could play a key role in the country's new economic era. To stay informed about this exciting development and other financial news, visit our blog and follow us on social media!
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