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Jackson
@logannnn
Argentina’s President Javier Milei’s pledge to legalize Bitcoin faces significant congressional resistance. His libertarian push for currency competition, including Bitcoin, clashes with a Peronist-dominated Congress wary of economic instability. Critics argue that Milei’s plan risks exacerbating inflation and undermining the peso, already weakened by economic crises. Opposition lawmakers, skeptical of his anarcho-capitalist vision, fear Bitcoin’s volatility could harm small investors, citing the recent $LIBRA scandal as evidence. Milei’s party, La Libertad Avanza, lacks a congressional majority, making legislative approval challenging. Political opponents, including former President Cristina Kirchner, accuse him of reckless economic experimentation. Despite public support for his reforms, analysts doubt Congress will back Bitcoin legalization without robust safeguards, stalling Milei’s vision for a free-market currency revolution.
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