The promotion by Javier Milei of a cryptocurrency called Libra has triggered a series of controversies and criticisms. Amid the surprise and uproar, the value of the cryptocurrency reached nearly 5 dollars in less than an hour, only to then crash. This raised doubts about the transparency and legitimacy of the project.
Lilia Lemoine, also known as Lady Market, was one of the first to question Milei's promotion, pointing out possible irregularities and warning about the risks of investing in the cryptocurrency. Experts in the cryptographic field agreed that the presidential backing caused a fleeting effect and that there may have been insider trading.
The president, initially enthusiastic about the initiative, later deleted the message from his social media and distanced himself from the project. Experts suspect sabotage and that a small group of users benefited from the volatility of the cryptocurrency. Additionally, there were comparisons with similar cases in other countries that resulted in economic losses for investors.
In the face of criticism and suspicions of possible fraud, Milei was forced to clarify his relationship with the cryptocurrency and explain that he was not aware of all the details of the project. The presidential backing caused an uproar on social media and raised alarms among experts in digital economy. Ultimately, the cryptocurrency Libra experienced a dizzying rise and subsequent fall, leaving doubts about its legitimacy and transparency.
