Is the Bitcoin dream dead in Argentina?
It’s been a difficult few months for Javier Milei, La Libertad Avanza (the ultraconservative political party he’s affiliated with), and Argentina as a whole, as the country slides back into its perennial issues of overwhelming inflation and a stagnant stock market. Milei, who took Argentina’s presidential reins in 2023, has been pushing austerity measures and was, briefly, seen as a hero who managed to cut monthly inflation to 1.5% and create a growing economy. But the love affair with Milei and his citizenry is beginning to sour as he takes emergency measures to ensure Argentina doesn’t once again become a punchline to economics and inflation jokes. The turnaround from the world’s loudest proponent of austerity measures and lowering public debt to the world’s biggest debt-glutton has been intense. In April, Milei accepted tens of billions of dollars from the International Monetary Fund (according to IMF data, Argentina now owes more than Ukraine, El Salvador, Ecuador,...