According to the National Institute of Statistics and Census, inflation in Argentina is 142,7 per year. The country's struggling economy is one of the main drivers behind the Nov. 19 election of libertarian and Austrian-school economist Javier Millei as the new president. Inflation is one of the main reasons why Argentine citizens use alternatives to access dollars such as stablecoins. In this context, Miley is associated with Bitcoin and cryptocurrencies, due to her appeal to eliminate the central bank in her country. But right now, Miley's opinion on Bitcoin is neutral. "The problem I see with cryptocurrencies is that they don't have legal tender status, and they don't have an asset value.
source Javier Millei is indeed pro Bitcoin, but he is still faced with the country's economic conditions which need to recover, improve infrastructure, increase state income and of course the public's demands to be able to show their vision and mission as a government must be proven. It's not enough to just say pro Bitcoin and then change all transactions. Argentina needs a balance where the country's financial identity remains unavoidable. Javier Millei has a responsibility not only to focus on one support, but he is also responsible for the people of Argentina who do not use Bitcoin.
For Javier Milei, currently it is not a question of whether he is neutral or not regarding the inauguration of Bitcoin, it is just that he is aware that while serving as head of state he cannot focus on one source of income. It is not easy for a leader of a country whose job is to improve the economy with a population of more than 45.81 million people.