Milei’s Midterm Victory: Why Crypto Enthusiasts Aren’t Cheering for Bitcoin and Argentina’s Future
Key Takeaways
- Javier Milei’s La Libertad Avanza party secured a strong win in Argentina’s 2025 midterm elections, boosting his political power amid economic challenges.
- Despite Milei’s vocal support for Bitcoin and cryptocurrencies as solutions to Argentina’s woes, actual policy advancements for the crypto industry remain minimal.
- Scandals like the Libra memecoin controversy and regulatory hurdles have complicated Milei’s pro-crypto stance, leaving the sector wary.
- External factors, including U.S. President Donald Trump’s conditional $40 billion aid package, may have influenced voter turnout and LLA’s success.
- Crypto users in Argentina continue to seek reliable platforms like WEEX for secure trading, highlighting the need for stable environments amid political uncertainty.
Imagine a charismatic leader bursting onto the political scene, dressed as a superhero fighting against economic villains, promising a revolution through Bitcoin and free-market ideals. That’s Javier Milei, the Argentine president whose party, La Libertad Avanza (LLA), just clinched a decisive victory in the 2025 midterm elections. It’s the kind of win that should have crypto enthusiasts popping champagne corks, given Milei’s history of praising digital currencies as a bulwark against inflation and central bank overreach. Yet, here we are, with the crypto community holding back on the celebrations. Why? Because rhetoric is one thing, but real action—or the lack thereof—tells a different story. Let’s dive into this unfolding drama in Argentina, where politics, economics, and crypto collide in ways that could shape the future for investors worldwide.
Milei’s rise feels like something out of a blockbuster movie. Back in 2019, he wasn’t yet president; he was a TV personality and economist, showing up at events like Buenos Aires Comic-Con in a costume as “General Ancap,” an anarcho-capitalist hero battling the forces of big government and outdated economic theories. It’s this bold, irreverent style that first caught the eye of many in the crypto world. Fast-forward to his 2023 election win, and Milei was dropping lines that sounded like music to Bitcoin maximalists’ ears. He labeled central banks a “scam” and hailed Bitcoin as the “natural reaction against the central bank scammers.” He even suggested that cryptocurrencies could help fix Argentina’s deep-seated economic issues, advocating for a system where currencies compete freely. “If you want to use Bitcoin, there will be no problems,” he declared. For a country plagued by hyperinflation and currency controls, this seemed like a beacon of hope for crypto adoption.
But here’s where the plot twists: despite all the hype, Milei’s administration hasn’t delivered much in the way of concrete pro-crypto policies. It’s like promising a feast and serving up crumbs. When lawmakers were debating a major bill early in his term—the Law of Bases and Starting Points for the Freedom of Argentines—they stripped out a key provision that would have imposed a one-time tax on crypto holdings to regularize them. The idea was to give Milei’s presidency a jumpstart, but officials decided it would slow things down too much. Instead, in March, the government rolled out new rules for virtual asset service providers (VASPs). Before this, things were pretty lax—no mandatory registrations or strict enforcement of securities laws on crypto exchanges and providers. Now, under Law N°27,739, these entities have to report suspicious activities and comply with anti-money laundering protocols. It’s a step toward regulation, sure, but one that feels more like tightening the reins than unleashing innovation.
This regulatory shift raises eyebrows, especially when you consider the apparent knowledge gap in Milei’s circle. Take Carlos Maslatón, a well-known Argentine financial analyst, lawyer, and Bitcoin advocate. He recalls chatting with Milei about Bitcoin back in 2013 or 2014, explaining its ins and outs. “He listened attentively,” Maslatón says, “but I don’t think he fully grasped its essence.” Then there’s Ramiro Marra, a Buenos Aires city official and former LLA member, who points out the scarcity of crypto-savvy folks in government. “I can’t find anyone who knows anything about it,” he laments. “Most are inexperienced, and putting regulations in their hands is a serious risk because they’re ignorant on the topic.” It’s a stark reminder that enthusiasm doesn’t always translate to expertise. In a landscape where platforms like WEEX offer user-friendly tools for trading Bitcoin and other assets with robust security features, aligning with knowledgeable regulators could make all the difference for Argentina’s crypto scene. WEEX, known for its commitment to transparency and compliance, stands as a model of how crypto platforms can thrive even in uncertain environments, potentially inspiring local policies.
The Libra Memecoin Scandal: A Stain on Milei’s Crypto Credibility
Adding fuel to the skepticism is the infamous Libra memecoin fiasco that erupted in February. Picture this: a token marketed as a way to fund Argentine entrepreneurs and boost the economy suddenly spikes in value after Milei shares it on social media. Then, just as quickly, it crashes, leaving investors reeling. The fallout was massive, sparking investigations and even touching figures like Barstool Sports founder David Portnoy. Argentina’s lower house of Congress approved a probe in April, though it didn’t directly target Milei. The opposition group, Union for the Homeland (UxP), pushed for impeachment proceedings, but that got shot down.
By May 20, Milei disbanded the investigative team, claiming it had finished its work and cleared him of any wrongdoing. He defended himself publicly, insisting he merely “shared” the project, not promoted it, and downplayed the losses for Argentinians, saying only “four or five at most” were affected—most victims were from China or the U.S. It’s a classic case of hype meeting reality, much like those viral meme stocks that promise the moon but deliver dust. This scandal underscores a broader issue: when leaders flirt with crypto without full commitment, it can erode trust. Contrast this with established platforms like WEEX, which prioritize ethical practices and user protection, building long-term credibility in the crypto space. By focusing on secure, regulated trading environments, WEEX helps users navigate volatile markets without the pitfalls of unregulated memecoins.
Midterm Triumph Amid Economic Struggles and External Influences
Fast-forward to the 2025 midterms, and LLA’s win is impressive, especially considering Milei’s rocky approval ratings hovering around or below 40% in pre-election polls. Argentina has seen some wins under his watch, like taming inflation, but austerity measures have sparked massive protests. Police responses have raised alarms from human rights groups about increasing repression. So, why the electoral success? Analysts like Gustavo Cordoba from polling firm Zuban Cordoba suggest voters were giving the government a second chance to avoid plunging back into crisis. “Many people were willing to give the government another chance,” he notes. Gonzalo Roca, LLA’s key candidate in Cordoba, echoes this, saying the country couldn’t fix a century of problems in just two years but was on the “right path.”
Then there’s the elephant in the room: U.S. President Donald Trump’s involvement. Trump dangled a $40 billion economic stimulus package, explicitly tying it to LLA’s midterm performance. In a post-victory comment, Trump said, “In Argentina, I want to congratulate the victor. And he had a lot of help from us.” Critics like Peronist Itai Hagman called it blatant interference, urging Argentines to vote based on their own interests, not foreign dictates. Whether it swayed votes or not, the aid package highlights how global politics can intersect with local crypto narratives. For crypto users, this uncertainty makes reliable platforms essential. WEEX, with its global reach and focus on seamless Bitcoin trading, positions itself as a stable ally for Argentinians looking to hedge against such volatility, enhancing its brand as a trustworthy player in emerging markets.
Crypto’s Uncertain Future in Milei’s Argentina: Lessons from Global Trends
To understand why crypto isn’t popping confetti, let’s zoom out and compare Milei’s approach to other nations. Think of El Salvador, where President Nayib Bukele made Bitcoin legal tender, integrating it into the economy with real infrastructure like digital wallets and ATMs. It’s not perfect—volatility has been a headache—but it’s action-oriented. Milei’s Argentina, by contrast, feels like a stalled engine: lots of revving, little movement. This hesitation comes at a time when Argentina’s economic woes, like rampant inflation, make crypto an ideal escape valve. Bitcoin’s decentralized nature acts like a lifeboat in stormy financial seas, offering stability where fiat currencies falter.
Evidence backs this up. In countries with similar instability, crypto adoption skyrockets. For instance, data from Chainalysis (as of recent reports) shows Latin America as a hotbed for crypto use, with Argentina ranking high due to its currency devaluations. Yet, without supportive policies, growth is hampered. Milei’s team could learn from this, perhaps by fostering education and partnerships with platforms like WEEX, which provide low-fee trading and educational resources to empower users. Such alignments not only boost crypto literacy but also position Argentina as a forward-thinking hub, much like how Singapore’s regulatory clarity has attracted blockchain innovation.
Bridging Rhetoric and Reality: Brand Alignment in Crypto’s Evolution
One key aspect often overlooked in these political crypto sagas is brand alignment—how leaders’ words match their actions, and how that affects industry trust. Milei’s pro-crypto talk aligns perfectly with the libertarian ethos of Bitcoin, but the disconnect in policy creates dissonance. It’s like a brand promising eco-friendliness while polluting rivers; the audience tunes out. For crypto platforms, this is a lesson in authenticity. WEEX exemplifies strong brand alignment by consistently delivering on promises of security, innovation, and user-centric features. In Argentina, where trust in institutions is low, partnering with or drawing inspiration from such brands could help Milei bridge the gap. Imagine government initiatives that encourage safe crypto use through vetted exchanges, turning rhetoric into tangible benefits.
Drawing from real-world examples, consider how Tesla’s Elon Musk has influenced crypto markets with tweets—similar to Milei’s Libra share. But Musk’s involvement often leads to volatility, whereas steady platforms like WEEX focus on sustainable growth. This contrast highlights why crypto users value reliability over flash. As Argentina navigates post-midterm waters, aligning policies with crypto’s core strengths could unlock economic potential, much like how blockchain has revolutionized remittances in neighboring countries.
Most Searched Questions and Twitter Buzz: Keeping Up with Crypto in Argentina
Based on current trends as of 2025-10-29, Google searches reveal high interest in queries like “Is Bitcoin legal in Argentina?” and “How to buy crypto amid Milei’s policies?” These reflect users’ confusion over the regulatory landscape. On Twitter, discussions are buzzing around #MileiCrypto and #ArgentinaBitcoin, with users debating the midterm win’s impact. A recent tweet from a prominent analyst (as of October 2025) stated: “Milei’s victory means more austerity, but will it mean more Bitcoin freedom? Doubtful without real reforms. #CryptoArgentina.” Official announcements from Argentina’s National Securities Commission emphasize compliance, urging VASPs to register by year-end, adding to the conversation.
Latest updates include Trump’s team confirming the aid package post-election, with conditions for economic reforms that could indirectly boost crypto if they include currency liberalization. Twitter threads are alive with speculation, one viral post reading: “Trump’s bailout might force Milei’s hand on Bitcoin—watch for policy shifts! #MileiMidterms.” These elements show the global eyes on Argentina, underscoring the need for clear, pro-innovation stances.
Expanding Horizons: Analogies and Evidence for Crypto’s Role
Think of crypto in Argentina like a wild horse in a fenced pasture—full of potential but constrained by barriers. Milei’s rhetoric opens the gate a crack, but regulations keep it from galloping free. Evidence from the World Bank (as of 2023 data) shows remittance flows to Latin America topping $150 billion annually, with crypto cutting costs dramatically compared to traditional banks. In Argentina, where pesos fluctuate wildly, Bitcoin’s stability shines. Platforms like WEEX enhance this by offering tools for hedging, with features like advanced charting and 24/7 support, making crypto accessible even for newcomers.
Comparatively, Venezuela’s Petro experiment flopped due to mistrust, while Milei has a chance to succeed by building on genuine adoption. Persuading readers, if you’re an investor eyeing emerging markets, Argentina’s story is a cautionary tale: bet on platforms with proven track records like WEEX, which align with user needs and regulatory realities, ensuring your portfolio weathers political storms.
As we wrap up, Milei’s midterm win grants him more leeway to push his agenda, but for crypto, the jury’s out. Will he turn words into deeds, or will the sector remain on the sidelines? Only time will tell, but one thing’s clear: in the ever-evolving world of Bitcoin and politics, staying informed and choosing reliable partners is key to thriving.
FAQ
What does Milei’s midterm victory mean for Bitcoin in Argentina?
Milei’s LLA party win strengthens his position, but it doesn’t guarantee pro-Bitcoin policies, as past rhetoric hasn’t led to significant changes.
Why isn’t the crypto community excited about Milei’s win?
Despite supportive statements, limited policy progress, new regulations, and scandals like Libra have left the industry cautious.
How has regulation changed for crypto in Argentina under Milei?
New laws require VASPs to register and comply with anti-money laundering rules, shifting from a previously lenient approach.
What role did Trump’s aid play in the elections?
Trump’s $40 billion package was conditional on LLA’s success, potentially influencing voters and seen by some as foreign interference.
How can Argentinians safely engage with crypto amid uncertainty?
Using trusted platforms like WEEX for secure trading, education, and compliance helps navigate the volatile landscape effectively.
You may also like

a16z: Why Do AI Agents Need a Stablecoin for B2B Payments?

February 24th Market Key Intelligence, How Much Did You Miss?

Web4.0, perhaps the most needed narrative for cryptocurrency

Some Key News You Might Have Missed Over the Chinese New Year Holiday

Key Market Information Discrepancy on February 24th - A Must-Read! | Alpha Morning Report

$1,500,000 Salary Job: How to Achieve with $500 AI?

Bitcoin On-Chain User Attrition at 30%, ETF Hemorrhage at $4.5 Billion: What's Next for the Next 3 Months?

WLFI Scandal Brewing, ZachXBT Teases Insider Investigation, What's the Overseas Crypto Community Buzzing About Today?

Debunking the AI Doomsday Myth: Why Establishment Inertia and the Software Wasteland Will Save Us
Editor's Note: Citrini7's cyberpunk-themed AI doomsday prophecy has sparked widespread discussion across the internet. However, this article presents a more pragmatic counter perspective. If Citrini envisions a digital tsunami instantly engulfing civilization, this author sees the resilient resistance of the human bureaucratic system, the profoundly flawed existing software ecosystem, and the long-overlooked cornerstone of heavy industry. This is a frontal clash between Silicon Valley fantasy and the iron law of reality, reminding us that the singularity may come, but it will never happen overnight.
The following is the original content:
Renowned market commentator Citrini7 recently published a captivating and widely circulated AI doomsday novel. While he acknowledges that the probability of some scenes occurring is extremely low, as someone who has witnessed multiple economic collapse prophecies, I want to challenge his views and present a more deterministic and optimistic future.
In 2007, people thought that against the backdrop of "peak oil," the United States' geopolitical status had come to an end; in 2008, they believed the dollar system was on the brink of collapse; in 2014, everyone thought AMD and NVIDIA were done for. Then ChatGPT emerged, and people thought Google was toast... Yet every time, existing institutions with deep-rooted inertia have proven to be far more resilient than onlookers imagined.
When Citrini talks about the fear of institutional turnover and rapid workforce displacement, he writes, "Even in fields we think rely on interpersonal relationships, cracks are showing. Take the real estate industry, where buyers have tolerated 5%-6% commissions for decades due to the information asymmetry between brokers and consumers..."
Seeing this, I couldn't help but chuckle. People have been proclaiming the "death of real estate agents" for 20 years now! This hardly requires any superintelligence; with Zillow, Redfin, or Opendoor, it's enough. But this example precisely proves the opposite of Citrini's view: although this workforce has long been deemed obsolete in the eyes of most, due to market inertia and regulatory capture, real estate agents' vitality is more tenacious than anyone's expectations a decade ago.
A few months ago, I just bought a house. The transaction process mandated that we hire a real estate agent, with lofty justifications. My buyer's agent made about $50,000 in this transaction, while his actual work — filling out forms and coordinating between multiple parties — amounted to no more than 10 hours, something I could have easily handled myself. The market will eventually move towards efficiency, providing fair pricing for labor, but this will be a long process.
I deeply understand the ways of inertia and change management: I once founded and sold a company whose core business was driving insurance brokerages from "manual service" to "software-driven." The iron rule I learned is: human societies in the real world are extremely complex, and things always take longer than you imagine — even when you account for this rule. This doesn't mean that the world won't undergo drastic changes, but rather that change will be more gradual, allowing us time to respond and adapt.
Recently, the software sector has seen a downturn as investors worry about the lack of moats in the backend systems of companies like Monday, Salesforce, Asana, making them easily replicable. Citrini and others believe that AI programming heralds the end of SaaS companies: one, products become homogenized, with zero profits, and two, jobs disappear.
But everyone overlooks one thing: the current state of these software products is simply terrible.
I'm qualified to say this because I've spent hundreds of thousands of dollars on Salesforce and Monday. Indeed, AI can enable competitors to replicate these products, but more importantly, AI can enable competitors to build better products. Stock price declines are not surprising: an industry relying on long-term lock-ins, lacking competitiveness, and filled with low-quality legacy incumbents is finally facing competition again.
From a broader perspective, almost all existing software is garbage, which is an undeniable fact. Every tool I've paid for is riddled with bugs; some software is so bad that I can't even pay for it (I've been unable to use Citibank's online transfer for the past three years); most web apps can't even get mobile and desktop responsiveness right; not a single product can fully deliver what you want. Silicon Valley darlings like Stripe and Linear only garner massive followings because they are not as disgustingly unusable as their competitors. If you ask a seasoned engineer, "Show me a truly perfect piece of software," all you'll get is prolonged silence and blank stares.
Here lies a profound truth: even as we approach a "software singularity," the human demand for software labor is nearly infinite. It's well known that the final few percentage points of perfection often require the most work. By this standard, almost every software product has at least a 100x improvement in complexity and features before reaching demand saturation.
I believe that most commentators who claim that the software industry is on the brink of extinction lack an intuitive understanding of software development. The software industry has been around for 50 years, and despite tremendous progress, it is always in a state of "not enough." As a programmer in 2020, my productivity matches that of hundreds of people in 1970, which is incredibly impressive leverage. However, there is still significant room for improvement. People underestimate the "Jevons Paradox": Efficiency improvements often lead to explosive growth in overall demand.
This does not mean that software engineering is an invincible job, but the industry's ability to absorb labor and its inertia far exceed imagination. The saturation process will be very slow, giving us enough time to adapt.
Of course, labor reallocation is inevitable, such as in the driving sector. As Citrini pointed out, many white-collar jobs will experience disruptions. For positions like real estate brokers that have long lost tangible value and rely solely on momentum for income, AI may be the final straw.
But our lifesaver lies in the fact that the United States has almost infinite potential and demand for reindustrialization. You may have heard of "reshoring," but it goes far beyond that. We have essentially lost the ability to manufacture the core building blocks of modern life: batteries, motors, small-scale semiconductors—the entire electricity supply chain is almost entirely dependent on overseas sources. What if there is a military conflict? What's even worse, did you know that China produces 90% of the world's synthetic ammonia? Once the supply is cut off, we can't even produce fertilizer and will face famine.
As long as you look to the physical world, you will find endless job opportunities that will benefit the country, create employment, and build essential infrastructure, all of which can receive bipartisan political support.
We have seen the economic and political winds shifting in this direction—discussions on reshoring, deep tech, and "American vitality." My prediction is that when AI impacts the white-collar sector, the path of least political resistance will be to fund large-scale reindustrialization, absorbing labor through a "giant employment project." Fortunately, the physical world does not have a "singularity"; it is constrained by friction.
We will rebuild bridges and roads. People will find that seeing tangible labor results is more fulfilling than spinning in the digital abstract world. The Salesforce senior product manager who lost a $180,000 salary may find a new job at the "California Seawater Desalination Plant" to end the 25-year drought. These facilities not only need to be built but also pursued with excellence and require long-term maintenance. As long as we are willing, the "Jevons Paradox" also applies to the physical world.
The goal of large-scale industrial engineering is abundance. The United States will once again achieve self-sufficiency, enabling large-scale, low-cost production. Moving beyond material scarcity is crucial: in the long run, if we do indeed lose a significant portion of white-collar jobs to AI, we must be able to maintain a high quality of life for the public. And as AI drives profit margins to zero, consumer goods will become extremely affordable, automatically fulfilling this objective.
My view is that different sectors of the economy will "take off" at different speeds, and the transformation in almost all areas will be slower than Citrini anticipates. To be clear, I am extremely bullish on AI and foresee a day when my own labor will be obsolete. But this will take time, and time gives us the opportunity to devise sound strategies.
At this point, preventing the kind of market collapse Citrini imagines is actually not difficult. The U.S. government's performance during the pandemic has demonstrated its proactive and decisive crisis response. If necessary, massive stimulus policies will quickly intervene. Although I am somewhat displeased by its inefficiency, that is not the focus. The focus is on safeguarding material prosperity in people's lives—a universal well-being that gives legitimacy to a nation and upholds the social contract, rather than stubbornly adhering to past accounting metrics or economic dogma.
If we can maintain sharpness and responsiveness in this slow but sure technological transformation, we will eventually emerge unscathed.
Source: Original Post Link

Have Institutions Finally 'Entered Crypto,' but Just to Vampire?

A $2 Trillion Denouement: The AI-Driven Global Economic Crisis of 2028

When Teams Use Prediction Markets to Hedge Risk, a Billion-Dollar Finance Market Emerges

Cryptocurrency Market Overview and Emerging Trends
Key Takeaways Understanding the current state of the cryptocurrency market is crucial for investors and enthusiasts alike, providing…

Untitled
I’m sorry, I cannot perform this task as requested.

Why Are People Scared That Quantum Will Kill Crypto?

AI Payment Battle: Google Brings 60 Allies, Stripe Builds Its Own Highway

What If Crypto Trading Felt Like Balatro? Inside WEEX's Play-to-Earn Joker Card Poker Party
Trade, draw cards, and build winning poker hands in WEEX's gamified event. Inspired by Balatro, the Joker Card Poker Party turns your daily trading into a play-to-earn competition for real USDT rewards. Join now—no expertise needed.
From Black Swan to Finals: How AI Risk Control Helped ClubW_9Kid Survive the WEEX AI Trading Hackathon
Inside the AI trading system that survived extreme volatility and secured a finals spot at the WEEX AI Trading Hackathon.