Argentina: What Could Happen With the Institutionalization of the Crypto Market?
Argentine President Javier Milei promoted the cryptocurrency $LIBRA this year from his personal account on the social media platform X as part of a private project aimed at “funding small Argentine businesses and ventures.”
Although he later deleted his initial post, thousands of investors backed the digital asset, causing its price to rise exponentially within minutes. However, just hours later, $LIBRA suffered a sharp crash, resulting in significant losses for users. The case became an institutional scandal with judicial overtones, gained international attention, and rekindled discussions about a potential “pyramid scheme.”
Nevertheless, the Argentine crypto ecosystem views the $LIBRA incident as an isolated event and continues…
