- Javier Gerardo Milei, the Argentine presidential candidate, stated that Bitcoin prevents politicians from robbing citizens.
- Milei has alleged that Bitcoin can compete with other cryptocurrencies because it is the return of private money.
- A recent presidential poll conducted by Synopsis indicates that Javier ranks third.
In an interview conducted by local media on January 6, Javier Gerardo Milei, one of the top presidential candidates in Argentina and an eccentric economist, alleged that Bitcoin prevents politicians from robbing citizens of its country.
The interviewer asked the presidential candidate whether it was possible to discuss Bitcoin as a payment in Argentina, and his answer indeed attests that he is a die-hard Bitcoiner. Javier said,
“The core problem people should fathom is that the Central bank is a scam. It is a mechanism by which politicians elude the good people with the inflationary tax.”
Milei further went ahead and stated what Bitcoin represents. He said,
“Bitcoin represents a return of money to its original creator: the private invention. Money is a private invention that is to be used to solve problems.”
The Argentine presidential candidate gave a short history of money and how the governments since 1445 appropriated the exclusivity to issue money. He added that paper money was used to solve the issue of portability as there were various currencies, such as salt and wheat. Milei further elaborated that people used gold for significant transactions and silver for small transactions, and over time, the government made paper money a legal tender.
However, the economist emphasized that introducing legal tender is the key to politicians scamming citizens with the inflationary tax. He elaborated that Bitcoin differs from paper money since it has an algorithm that will reach a certain amount beyond which it can no longer be minted. He further stipulated that Bitcoin could compete with other cryptocurrencies, such as Ethereum.
Milei said the problem is that the government and politicians are not willing to give up legal tender because by accepting Bitcoin, they will no longer scam people via inflationary tax. He said,
”Bitcoin is a natural reaction to the scam of central banks and money going back to the private sector. In economies with high inflation, the scam issue is bigger. That’s why I propose the closing down of the central bank.”
Argentine presidential candidate polls.
However, the South American country of Argentina will conduct its election in October 2023, and various candidates have stepped out to vie for the presidential seat. In the recent presidential poll conducted by Synopsis, a political consultancy firm shows that Javier Milei comes third among the leading presidential candidates, including Juntos Per El Cambio and Frente De Todos, who are ahead of him.
The Synopsis report indicates that the study shows the direction the electorate is heading as there is an emergence of a competitive sector challenging the status quo of the two coalitions. Notably, the coalitions have yet to reveal their candidates, as the outlines of Argentina’s election need to be clarified.
Nonetheless, Bitcoin supporters in the country can hope for a promising candidate who could follow in the footsteps of Nayib Bukele, the El-Salvador president. Nayib took a bold decision in modern economics by adopting the diverse crypto asset as a legal tender. Although his decision is interpreted as progress in the crypto industry, the merits are yet to reflect on the country’s balance sheet. The El Salvador president aimed to build a Bitcoin City, a tax haven running entirely on Bitcoin.