Argentina’s New President Is Screwing Up On Bitcoin – Max Keiser

Argentina’s New President Is Screwing Up On Bitcoin – Max KeiserShow more

May 3, 2024

THE CURRENCY WAR - FOLLOW THE MONEY

The Jimmy Dore Show

Max Keiser criticizes Argentine President Javier Milei for his general cryptocurrency policy, labeling it a “rookie mistake.”

Milei’s approach groups Bitcoin with other cryptocurrencies, sparking controversy among Bitcoin maximalists.

Argentina faces economic challenges, with the peso significantly devalued against the US dollar since 2008.

Max Keiser, an adviser to El Salvador’s President Nayib Bukele on Bitcoin questions, made a recent attack on the position of Argentine President Javier Milei on cryptocurrency. Keiser claims that Milei’s economic prescriptions are a “rookie mistake” in that they lump Bitcoin together with all the other cryptocurrencies.

This comment is made in times when Argentina faces a severe financial situation, with its peso losing most of its value against the US dollar since 2008. The crypto community applauds Milei for being open to Bitcoin. However, his general crypto policy has caused controversy among the Bitcoin maximalists.

Milei, who took office in December, has implemented bold economic policies to address Argentina’s financial challenges. His administration has faced criticism for recent regulations introduced by the Comisión Nacional de Valores. These regulations require virtual asset service providers to register with the government. Keiser contends that including Bitcoin in these regulations undermines the cryptocurrency’s unique status. He suggests that this move could potentially set back Argentina’s economic reform efforts.

https://www.cryptopolitan.com/bitcoin-expert-keiser-challenges-argentinas-crypto/

Original: https://youtu.be/gfZyQVK5lGM

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