Economist Horacio Rovelli criticized President Javier Milei for his involvement in the failed digital asset, accusing him of being a "necessary participant in a scam" due to alleged insider information. Rovelli described Milei as irresponsible and accused him of violating articles of the Penal Code, arguing that the promotion of this cryptocurrency business demonstrates a lack of mental capacity. According to Rovelli, cryptocurrencies are not state-backed, which contributes to skepticism about their reliability.
Criticism of Milei adds to a climate of distrust in the Argentine crypto market, impacting the nascent development of this industry in the country. Following the collapse of the digital asset promoted by the president, users face significant financial damage, which also raises concerns among cryptocurrency-related companies. There is fear that the loss of trust caused by this situation will affect these companies, jeopardizing the credibility they have built over the years.
