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 Cryptocurrencies should not have legal tender status, becuase most of the coins are not as good as people would think it is. You can see now that there are more than 26000 cryptocurrencies. There are still more coins but only few remain good. Most are shit and dead coins. Also that most coins are securities and not commodities. The only coins that has legal tender status should be bitcoin. And it should be in a way citizens needs to know how volatile it is. Bitcoin also is a store of value and an asset of value.