What does the Bitcoiner community think about Milei and the Libra case?

Javier Milei, president of Argentina, remained in the center of the controversy after promoting the Libra cryptocurrency and the “Live La Libertad” project, associated with an alleged scam.

Cryptonotics reported that legal specialists said that Milei’s behavior in relation to LIBRA is not necessarily an illegitimate act. However, various specialists and analysts They have questioned the acting of the presidentafter promoting that project on its social networks before the currency collapsed, generating losses for numerous investors.

Rodolfo Andragnes, president of NGO Bitcoin Argentina, anticipated Milei’s «error»

Rodolfo Andragnes, co -founder and president of the Argentine Bitcoin NGO

«Javier Milei, by mistake, promotes it as a star project (» Long live freedom «) and meets with unknown project promoters, but continues to affect the image of Bitcoin and ignoring its potential.»

Rodolfo Andragnes, co -founder and president of the Argentine Bitcoin NGO.

In November 2024, the director of that NGO commented that the president’s relationship with Bitcoin (BTC) would have become a «love and disagreement.»

Andragnes, on that occasion, cataloged as a «disagreement» between Milei and Bitcoin the fact of «meeting with business managers and participating in some small blockchain or technology event, but avoid meeting with the referents and participating in the relevant events about Bitcoin ».

Additionally, Andragnes, in that past reflection, raised a question, although without leaving an answer:

«Could it be able to fall in love with the qualitative differences of Bitcoin and decentralization versus the other private currencies, where Bitcoin, having no issuer, is not a credit title, or a financial asset, or a negotiable obligation?»

Rodolfo Andragnes, co -founder and president of the Argentine Bitcoin NGO.

Likewise, on February 15, 2025, Julián Colombo, general director of Bitso Argentina, commented that «it hurts that these episodes all they do is that it once again talks like a crypt like a scam.»

Consequently, Manuel Beaudroit, CEO of Belo, described the situation as «unfortunate» and said that «the lack of communication control leaves enough to desire and ridicule the president.»

Maximiliano Fortman questioned Milei’s publication

Maximiliano Fortman, an Argentine fraud programmer and analyst in the field of cryptocurren «It is something serious what happened«.

Firtman pointed to certain characteristics of the publication of Libra that the president made, denoting a suspicion framework before this action. For example, according to the sayings of the programmer, Milei did not retweate the publication or announcement of the company, but it was «himself who announced the project from nothing.»

Additionally, “the president included The Directorate of the Smart Contract of the cryptocurrency (it would be like leaving the CBU where you have to send money) because being new was not listed to buy anywhere. The publication follows the techniques of payments or publications of this type of tokens ”.

In addition, Firtman took care that people within the project (insiders) They already had information that the message of Milei would occur «from a day before», knowing in advance that it would end in a scam.

Firtman closed his comment alleging that the explanation offered by Milei, in which it is disconnected of $ Libra, was not enough:

“It is not enough to say that you had not internalized, Javier. Not closely reaches. You cannot be so turn on the action and so irresponsible for the reaction. ”

Maximiliano Fortman, computer science specialist.

Milei’s role would have been to assign confidence to the project

«Behind all memecoin there must be an influential personality that banked the project.» Those were the words of Argentine journalist Andrés Cánepa, with which he indicated his position on Milei’s participation in that alleged scam.

According to Cánepa, the Argentine president contributed a vital role, facilitating the rapid rise of the price of the Token Libra. The analyst states that the creation of a cryptocurrency, in this case Libra, is not complicated from the technical point of view, but that The difficult thing is to get people to buy.

To do this, according to their opinion, those who promote the project usually resort to a public relevance figure that supports the currency and generates trust. In this case, the president Javier Milei would have fulfilled that role by spreading the existence of Libra when its price was still fractions of penny.

The announcement of the Argentine president fired the price up to almost 5 dollarssignificantly benefiting the founders of the project, which maintained 70% of the tokens. After selling large portions in different transactions, the value of $ Libra collapsed and many investors suffered considerable losses, in an operation known as rug pull.

After the controversy exploded, Milei eliminated the publication in X. The Argentine head of state assured that he made that publication promoting the cryptocurrency pounds, because he thought he was «supporting an alleged private venture«.

However, before that panorama, Cánepa concludes that Milei’s explanation would not be enough, because he sees it as a fundamental part of having legitimized the project before public opinion. «It is a pyramidal scam. The former win, they lose those of the background, ”Cánepa closed.

An analyst put his eye on the name «Libra»

The analyst Fernando Molina argues that the name chosen, Libra, sought to surprise the bots and speculators that, during the previous weeks, expected the appearance of a possible «memecoin of Milei.»

Los bots which Molina refers are automated systems that are dedicated to monitoring, identifying and buying new tokens or related to recognized figures, taking advantage of rumors or advertisements in social networks.

As he explains, if the project had taken a name directly associated with the president, such as Milei or ARG, those bots They could have intervened immediately, forcing the promoters to distribute part of the profits or, at least, to meet more competition.

The strategy, says Molina, consisted of maintaining the secret about the denomination and organizing the largest purchases just at the exact moment in which Javier Milei published his promotional message, so that Only the «insiders»They were aware of what Token acquire at that momentcoinciding with Maximiliano Fortman.

In his opinion, the plan «was all digitated from minute 0», to capture the attention of the public with a dizzying climb, allowing those responsible to maximize their profits in a matter of minutes.

The founder of Cardano gave his opinion

Charles Hoskinson, founder of the Cardano (ADA) Red, anoticate of what happened around the Libra cryptocurrency, surprised with statements about the current Argentine government.

As Cryptonoticias reported, in a transmission from his X account, Hoskinson said that when trying to agree with Javier Milei or Federico Sturzenegger (Minister of Argentine Deregulation and Transformation) close to the National Government, he was asked: «Give us something (give us something ( At the same time Hoskinson makes the typical gesture of rubbing the thumb with the index, pointing money) and we can give you a meeting and magical things can happen ».

For Hushinson, Milei is ignorant about the cryptocurrency industry And there were people in their circle who took advantage of the situation.

Thus, while lawyers and analysts express their opinions on the impact of the collapse of LIBRA and the responsibility of Javier Milei in his promotion, the Anti -Corruption Office (OA) will initiate a formal investigation against the president to determine if there was any improper link in his public support to the project.