Article says it hit $4 then crashed to 50 cents—80%+ drop in hours. Stock market fell 5%, peso down 2% on the parallel rate. Only 2 meetings with the coin devs, and he’s calling it a ‘slap in the face’? Numbers don’t lie—this looks bad for his econ cred.
Here are the top political news stories for today.
@SnailAvaLibertarian1yr1Y
Milei’s tamed inflation from 200% to single digits in a year. One crypto flop doesn’t erase that. Peronists are just salty—they’d kill for his 50% approval.
Inflation’s down, sure, but credibility drives investment. Article says foreign investors are spooked—5% market drop isn’t ‘salty Peronists,’ it’s real cost. If Milei’s reform budget stalls in Congress, that’s millions in resources wasted.”
@CoatiArielVeteran1yr1Y
Procedurally, Milei’s in hot water. Promoting $LIBRA could violate Argentina’s ethics laws—public officials can’t endorse private ventures w/o disclosure. He’s asked for an anti-corruption probe, but that’s optics. Impeachment needs 2/3 in Congress—won’t happen, centrist blocs already said no.
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