Bitcoin believers may love him, but Argentina's eccentric president is anything but a maxi.
In fact, libertarian leader Javier Milei seems to have a penchant for fast-money crypto tokens—the sort that hardline Bitcoiners typically denounce as "shitcoins."
Digital asset market has been shaken by President Milei’s arrival The following are some of the most popular ways to get in touch with each other With criminal charges following advertising The word “Meme” is a good example. LIBRA. Buy the LIBRA after telling your millions of fans on Friday. SolanaCryptocurrency values have soared to $4 billion.
Then came Crashing hardThe president tried quickly to dissociate himself from the incident.
People in—and out—of the crypto space are now angry and calling for the leader’s head, alleging fraud.
Though it's worth noting this isn't the first time the economist has promoted a so-called shitcoin.
Before he became president in 2022 investors sued Milei posted about CoinX – a cryptocurrency investment platform which promised high returns for users.
THe lawsuit was related to the then-congressman—who frequently uses social media—in 2021 promoting CoinX to his millions of followers.
"They are revolutionizing the way to invest to help Argentinians with inflation," he Written by In the Instagram post made at that time, after visiting CoinX’s HQ, it promised investors would make money by using AI, bots and experts to automate trading.
But CoinX lost investors lots of money, according to local media, and had to close down after Argentina's financial watchdog warned that the platform had no legal right to operate in the country.
Milei later dissociated himself, saying that he had only expressed an opinion regarding the project.
Milei is popular in the Bitcoin community because of his libertarian values. But Milei himself hasn't dived much inThe following are some of the ways to get in touch with us: the orange coin other than saying the biggest cryptocurrency is a "natural reaction" to "scam" The central bank is a financial institution.
LIBRA has also become a serious scandal: Milei has taken over as leader of Argentina, having won on an anti-corruption ticket. Now, there has been a suit filed against him and impeachment is being called for.
Milei, however, is defending his position: Following the Argentinian market The nosedive Monday is the President’s Day Retweeted A post from a fan who tried to explain how hard it would have been to purchase LIBRA as soon after Milei’s initial promotion.
Vuelvo a aclarar:
El unico proposito de este twit es mostrar que no era facil para una persona comun comprar este instrumento o memecoin.
No es Endorsement, tutorial o recomendacion.
La descripcion es al solo efecto de ver lo dificil que es comprar para un inversor normal, que no… https://t.co/4HW0DcDr0z— Dario Epstein (@DarioEpstein) February 17, 2025
Dario’s message was widely misinterpreted. "tutorial" How to Buy LIBRA Now, which the traders took to be a sign to go in even harder. The price of LIBRA jumped by more than 60%—before crashing right back down again.
