Argentine President Javier Millie faced a violent reaction after promoting the controversial cryptocurrency on social media on social media, just to delete the publications after a general cry. The promotion, which included a link to the Google Model for Investment, led to great financial losses for some investors. In a recent television interview, Miley defended his actions, claiming that he was just sharing information and behaved in good faith.
Javier Milei defends the balance $
Millie: I did not promote it, I shared it.
“I acted in good faith and hit,”
“Did the country lose money? No. Argentina lost money? Maybe four or five at most. The vast majority of Chinese and American investors?”
“I shared this in the same way that hundreds participated …
DB (@tier10k) February 17, 2025
“I did not promote it, share it,” Millie stated. “I acted in good faith and took a blow.”
The controversy erupted after Cryptocurrency $ LIBRA, which was presented just just before Milei tweet, witnessed a sharp decline in prices. Milei’s Post, just minutes after the currency launched many to believe that he was supporting it, which led to speculation about the potential risks of investors. However, the president claimed that the majority of the affected people were not Argentine citizens.
“Did the state lose money? No. Argentina lost money? Maybe four or five at most. He explained that the vast majority of investors are Chinese and American.
Miley stressed that the concerned investors were good knowledge of financial fluctuations and understood the risks associated with these speculative investments.
He added: “These are the traders of fluctuation who know what they were doing.”
The controversy revolves around the idea that the president’s social media publication may have affected reassuring investors, many of whom were said to have lost money after the value of the encrypted currency. The President rejected reports that 44,000 people were affected, describing them as “liars” and confirmed that at most, 5,000 people were affected. He also reduced the possibility of any large number of Argentines.
“The chances of the presence of the Argentine concerned are very small. These are very specialized individuals in this type of financial tool. Those who participated in risks are well known – they are fluctuating traders. This is a special issue among individuals, and they voluntarily shared.”
The president also explained that his participation in promoting millions stems from being technically optimistic. According to Milei, the cryptocurrency was proposed as a way to create a structure that funds entrepreneurs who are struggling to secure financing because of the informal of their business.
Hayden Davis suggested creating a structure to finance entrepreneurs who lack financing options due to unofficial. When the balance became public, I helped spread the word. “
Despite the defense of his actions, Miley admitted that the accident had taught him valuable lessons. “I did not make any mistakes because I acted in good faith. But when I looked at political repercussions, I realized that I had something to learn. I need to understand that after I became president, I continued to behave like the same Javier Millie as before. Unfortunately, this explains this to me. The situation is that I need to raise my candidates and not make myself very available. “
Also read: The carpet controversy continues the $
