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Javier Milei’s “Pro-Bitcoin” Stance Lacks Substance: Analyst

Published 11/20/2023, 04:14 PM
Updated 11/20/2023, 04:15 PM
© Reuters. Javier Milei’s “Pro-Bitcoin” Stance Lacks Substance: Analyst
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  • Adam Cochran said Argentina’s newly elected president Javier Milei’s pro-Bitcoin stance is “over read into”.

  • The analyst said the only Bitcoin plan in Javier’s plans is to make it legal and free for Argentines.

  • Adam said Argentina is already a blueprint for blockchain, and Javier may not change much.

Cryptocurrency analyst Adam Cochran, in a recent X post, doused some of the excitement that followed the victory of a noted pro-Bitcoin presidential candidate in Argentina.

The conservative La Libertad Avanza delegate candidate Javier Milei recently won the presidential election, sending ripples of excitement through the crypto community. Javier has repeatedly mentioned his pro-Bitcoin stance, including proposing using natural resources to support Bitcoin mining in the country.

However, Cochran said Javier’s Bitcoin stance “has been way overread into.” He continued, “Only formal Bitcoin policy I can find is he said he’d make sure it was legal for Argentines to freely buy and sell Bitcoin.”

While noting the upsides of Javier’s victory, Adam said that his policies wouldn’t do much for crypto other than what is currently allowed in …

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