Argentina’s central bank has intervened with a $1 billion reserve injection to stabilize the plunging peso, marking a dramatic reversal of President Javier Milei’s libertarian economic agenda. The crisis exposes the limitations of ideological reforms in a country grappling with institutional dysfunction and hyperinflation. Despite initial optimism from Bitcoin advocates, Argentines are turning to physical dollars rather than cryptocurrency for refuge.
about Argentina's Peso Crisis: Milei's Libertarian Reforms FalterSaifedean Ammous
0 posts last weekAmmous Warns Argentina’s Bond Strategy Is a Ponzi Scheme
Economist Saifedean Ammous has issued a stark warning about Argentina’s financial stability, labeling President Javier Milei’s economic policies a ‘debt and inflation Ponzi.’ He argues that the country’s reliance on unsustainable bond yields could drive investors toward Bitcoin as the peso collapses.
about Ammous Warns Argentina's Bond Strategy Is a Ponzi SchemeAsia Expected to Follow US in Bitcoin Reserve Adoption
The CEO of Metaplanet, dubbed Japan’s MicroStrategy, predicts that Japan and other Asian countries will follow the US in adopting Bitcoin as a strategic reserve if Trump moves forward with his plans. He believes this shift will validate Bitcoin as a national resource and encourage nations, especially in the developing world, to strengthen their currencies through Bitcoin. Metaplanet is actively accumulating Bitcoin, mirroring the strategy of MicroStrategy, which has amassed a significant BTC stockpile since 2020.
about Asia Expected to Follow US in Bitcoin Reserve Adoption