{"id":6773,"date":"2023-11-21T11:11:19","date_gmt":"2023-11-21T11:11:19","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=6773"},"modified":"2023-11-21T09:27:53","modified_gmt":"2023-11-21T09:27:53","slug":"bitcoin-friendly-javier-milei-becomes-new-president-of-argentina","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-friendly-javier-milei-becomes-new-president-of-argentina\/","title":{"rendered":"Bitcoin Friendly Javier Milei Becomes New President of Argentina!"},"content":{"rendered":"

Bitcoin Friendly Javier Milei Becomes New President of Argentina!\u00a0 Over a large part of the weekend, quietly trading Bitcoin<\/strong>, it began to rise over the discussions about Bitcoin <\/strong>made by Milei<\/strong>.<\/em><\/p>\n

\n

Earlier this year, when speaking about Bitcoin<\/strong>, Javier Milei <\/strong>used the phrase, \u201cWe need to understand that the central bank is a hoax.\u201d He continued by emphasizing a return to the private sector, the true creator of money, represented by \u201cwhat Bitcoin represents\u2026\u201c<\/p>\n

However, Milei<\/strong> did not propose making Bitcoin<\/strong> legal tender. Instead, he called for the removal of the central bank and the dollarization of the economy, in response to the Argentine<\/strong> economy being rocked by inflation reaching 142% in October.<\/p>\n

You might also like: SEC Files Against Kraken<\/a><\/strong><\/p>\n

Trading quietly for a large portion of the weekend, BTC rose late in the afternoon on Sunday after discussions related to a strong performance for Milei<\/strong>. Supported by this speech, BTC soared by about 3.60% within the last 24 hours to $37,500.<\/p>\n

The economic reform proposals put forth by Milei<\/strong> reflect a bid to offer alternative solutions to Argentina’s<\/strong> economic challenges.<\/p>\n

However, how these proposals will develop over time in terms of feasibility and impact remains a subject of curiosity. Milei’s approach to Bitcoin<\/strong> and economic proposals could stir more debate in financial and political circles.<\/p>\n

Click<\/a> here<\/strong> to follow us on Google News<\/strong> too!<\/p><\/blockquote>\n

\n","protected":false},"excerpt":{"rendered":"

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