According to U.Today, Argentinian President Javier Milei has voiced his support for the free competition of currencies, including Bitcoin. This move has been applauded by many in the cryptocurrency community. However, Max Keiser, a prominent Bitcoin advocate and advisor to the president of El Salvador, has urged Milei to exercise caution when considering other cryptocurrencies, such as Ethereum. Keiser has labeled ETH as a scam, cautioning that its inclusion could hinder Argentina's advancement in the digital currency sector. He suggests that while Milei's endorsement of BTC is a positive development, the president should rethink his position on supporting multiple cryptocurrencies.
Keiser has previously criticized Milei's crypto policy, expressing concerns about Milei's decision to require the registration of all Bitcoin and crypto platforms in Argentina. He argued that this strategy could have adverse effects due to what he sees as a lack of profound understanding of Bitcoin's unique attributes. Despite these criticisms, President Milei remains dedicated to his vision of a free market where individuals and businesses can select their preferred currency. He is of the opinion that permitting the use of various units, such as Bitcoin and Ethereum, will stimulate innovation and economic growth.
Earlier this year, Argentina took a significant step by eliminating taxes on Bitcoin and other cryptocurrencies, indicating a move towards a more favorable regulatory environment for digital assets. This decision underscores Milei's commitment to fostering a free market for currencies, including digital ones.