The post Argentina’s President Javier Milei Champions Monetary Freedom with Emphasis on Bitcoin appeared on BitcoinEthereumNews.com.

Milei supports using diverse units like Bitcoin, WTI oil, and BTU for business, reflecting his libertarian values. Argentine policy aims to allow market efficiency without government interference, potentially including various global currencies. Argentina’s President Javier Milei has reiterated his commitment to a regime of free currency competition within the country, explicitly endorsing the use of Bitcoin. Speaking via his account on the social media platform X, Milei assured an inquiring user that the use of Bitcoin, among other units of account, would face no obstacles under his administration, as we have developed in Crypto News Flash. There will be free competition of currencies so if you want to use Bitcoin there will be no problems… and you can also use other units such as WTI, BTU and the one that is most appropriate for your business… In accounting terms, it is solved by the functional currency method… – Javier Milei, president of Argentina. Milei’s stance on monetary policy is clear and resonates deeply with his libertarian values, emphasizing the freedom to use whatever currency or financial instrument one finds most beneficial for their business. This includes not only cryptocurrencies like Bitcoin but also traditional commodities such as West Texas Intermediate (WTI) crude oil and British Thermal Units (BTU), which are used as energy measurements. “Bitcoin is the natural reaction to the scam of central banks.” Javier Milei, president of Argentina. The Argentine leader’s approach allows for a variety of monetary units to be employed freely in business transactions, fostering an environment where the most efficient currencies could thrive without government interference, which we covered in a Crypto News Flash report. This policy aligns with his consistent criticism of central banks, which he accuses of defrauding the public through inflationary policies—a view that positions Bitcoin as a natural countermeasure to such…

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Filed under: News - @ June 20, 2024 1:20 pm