President Javier Milei became global news after endorsing the cryptocurrency $LIBRA, which experienced a rapid increase in value followed by a crash in a matter of minutes, generating a wave of international media coverage. Milei promoted this digital currency on social media, promising high returns for investors. However, after the sharp increase in its value, the cryptocurrency suffered a dramatic fall, causing losses for those who had invested in it.
According to the president's statements, the purpose of $LIBRA, from the "Viva la Libertad" project, was to boost the Argentine economy by financing small ventures and local businesses, supporting those looking to start projects and contribute to the country's development. Despite Milei's high expectations, the reality was very different, and the international press echoed the controversy.
The Spanish newspaper "El País" titled its article "Milei promotes a cryptocurrency that makes millions before collapsing in a few minutes," highlighting the speed at which the currency devalued after the president's endorsement. "Bloomberg," for its part, also reported on the episode, mentioning that Milei deleted the post where he promoted $LIBRA out of fear of being scammed.
Additionally, the site "HuffPost" in its Spanish version published: "Milei promotes a cryptocurrency but deletes it after suspicions that it could be a possible scam or 'meme coin.'" Meanwhile, in France, "RFI" headlined: "$LIBRA, the cryptocurrency that Milei promoted before collapsing," emphasizing the speed at which it lost value.
Following accusations of speculation and fraud on social media, Javier Milei deleted the original tweet where he promoted $LIBRA and issued public apologies in response to the growing scam suspicions surrounding this cryptocurrency.
