JAVIER MILEI: THE CRYPTO BRO WHO BECAME PRESIDENT
Argentinian President Javier Milei has generated great interest in the cryptocurrency realm by self-identifying as "the first libertarian liberal president in history." His election has stirred emotions similar to those experienced when Donald Trump promised to validate Bitcoin's strategic role in the world.
Milei has expressed his support for cryptocurrencies, viewing them as an alternative to state control and a means to avoid the concentration of power. In a conference, he emphasized that Bitcoin is a counterpart to the proposal to eliminate the central bank and warned about the risks of state regulation, which could turn free market alternatives into unjust prohibitions.
Recently, at the "Meta Day Argentina" event, Milei reiterated his stance, calling for cryptocurrencies to remain outside state control to prevent scams and concentration of power. He believes that cryptocurrencies allow individuals to use means of exchange independent of the central government, yet reliable.
In this regard, the president promises to implement a fiscal reform that will reduce national taxes by 90% and return tax autonomy to the provinces. Additionally, he plans to move forward with closing the central bank and allowing the free use of cryptocurrencies, such as Bitcoin, in everyday transactions. This is part of his plan to promote fiscal competition among the provinces and attract investments.
The future of cryptocurrencies in Argentina seems promising, right?