Milei Takes Neutral Stance on Bitcoin as New Argentine President Focuses on Dollarization and Taming Inflation
-
Newly elected Argentine President Javier Milei has a neutral stance on Bitcoin currently, preferring to dollarize the economy first.
-
Rampant inflation of 142.7% annually is driving Argentines to use stablecoins and dollars instead of the peso.
-
Argentina has a large crypto market, second only to Brazil in Latin America, with over 5 million estimated users.
-
The crypto community expects Milei's hands-off regulation approach may ease access to dollars and crypto.
-
It's still uncertain if Milei will propose Bitcoin legislation, as his focus recently is on fiscal balance over crypto policy.