• Javier Milei, one of Argentina’s top presidential candidates, argued that Bitcoin prevents politicians from robbing citizens through inflationary tax.
• Milei argued that Bitcoin represents the return of money to its original creator, the private sector.
• A recent poll by Synopsis shows that Milei ranks third among the leading presidential hopefuls.
Javier Milei, the eccentric economist and one of the top Argentinian presidential candidates, recently argued in an interview with local media that Bitcoin prevents politicians from robbing the citizens. He argued that the central bank is a scam, and that paper money is a private invention introduced by central banks to solve the problems in the bartering economy. He stated that paper money also solved the issue of portability as there were different currencies, such as linen, wheat, and salt.
Milei went on to explain that over time, authorities made paper money become legal tender, which allowed politicians to scam people under the guise of an inflationary tax. This is why he believes that Bitcoin is the return of money to its original creator, the private sector.
Milei’s comments come at a time when a recent presidential poll by Synopsis, a political consultancy firm, shows that he ranks third among the leading presidential hopefuls, with the Juntos Per El Cambio alliance and Frente De Todos ahead of him. Milei is confident that his stance on Bitcoin, as well as his views on other economic issues, will help him gain more support from the public in the run-up to the presidential elections.
In conclusion, Milei’s comments about Bitcoin being a way to prevent politicians from robbing citizens through inflationary tax has resonated with many Argentinians, and it will likely help him gain more support in the upcoming presidential elections. It remains to be seen if his views on Bitcoin, as well as his views on other economic issues, will be enough to secure him a win in the elections.