Argentina President Milei Devalues Peso, Receives IMF Praise but No Bitcoin Policy in Sight
Argentina’s newly elected libertarian president, Javier Milei, has devalued the nation’s currency, the peso, by over 50% and received praise from the International Monetary Fund (IMF) for his plans to restore Argentina’s economy.
However, despite Milei’s previous statements expressing enthusiasm for Bitcoin (BTC), he has not yet translated this into an official government policy.
Still, there are signs that could indicate that Milei is pro-Bitcoin, including comments from earlier this year when he said about Bitcoin that it represents “the return of money to its original creator, the private sector.”
Additionally, small hints that the president has a pro-Bitcoin stance are continuing to emerge online, with one example being a picture of Argentina’s Minister of Economy with laser eyes being reposted by Milei on X.
Laser eyes is in Bitcoin circles a symbol of Bitcoin maximalism and bullishness on the number one digital asset.
Translated to English, the post quoted the minister as saying: “My task as Minister of Economy is for people to have more and more purchasing power, we do not want officials to continue lying to people with nominal value.”
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