Bitcoin Forum

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Javier Milley has won Argentina's second round of presidential elections. In Argentina's second round of presidential elections, Miley's opponent was left-wing candidate Sergio Massa.

Almost 90 percent of the votes have been counted in Argentina's presidential election. According to the preliminary results, Millei got about 56 percent of the votes. Masa got about 44 percent of the vote.

In other words, Milley won by a margin of more than 10 percent of votes over Masa.

Milley was elected president of Argentina at a time when the country was in the midst of an economic crisis. Inflation is increasing in the countryArgentina's annual inflation has exceeded 140 percent.
Milley sees Bitcoin as a transformative solution to improve her standard of living in Argentina. He envisions it as a way to return control of money to the private sector. Milley sees the decentralized nature of Bitcoin as the right way out of the centralized control exercised by Argentina's traditional financial institutions, including the central bank. So far, however, Milley has not explicitly proposed making Bitcoin legal tender in Argentina. If Milley proposes and implements it, Argentina will be the second country to use bitcoin as legal tender. As before, El Salvadar became the first country to use Bitcoin as legal tender in 2021.

From what i have read it looks like they will not make Bitcoin a legal coin as El Salvador did, but they will work in some crypto-friendly laws to warrant some free circulation of cryptocurrencies.

Let's keep an eye on Argentina because with this president they will bring some surprises to the world. And if they start adopting cryptos that will be something great for the country's economy.

Bitcoin is not a transformative solution and does not solve economic crisis which is a result of poor fiscal policies. I sincerely hope he does not hope Bitcoin will be a band-aid solution to the country's situation cause that will show lack of connection with the reality of fixing a troubled state.

The government cannot function without the central bank and will not (cannot) replace that with Bitcoin.

El Salvador was the first country to make bitcoin a legal tender, but followed by Central Africa Republic. So Argentina will not be the second becuase CAR is the second. Let us see if Argentina will be the third. But what matters most is not about making bitcoin a legal tender, but for a country to be very friendly with bitcoin and accept it for payment.

It seems that those anticipating that bitcoin can solve every problem of a country is going to extend from country to country. They need to understand that it doesn't work like that but at least it can be a contributor to the solution that they're going to have in solving the inflation and economic crisis that they are facing right now. If Argentina decides to make Bitcoin as a legal tender then that only means that we're seeing coming from Central to South America, the adoption is going to be on that region and so on. While our optimistic minds want them to do that or its new president will tackle with it as said during the campaign. What we just want is all the best to the new authority and leadership there.

A government at the helm can change its stance on bitcoin easily. I would never be surprised if Javier Milley didn't adopt bitcoin as a legal currency in Argentina for one reason or another - but some rules that would benefit his country would be within his considerations and policies.

After all governments don't need to legalize bitcoin as a legal currency if they're only after profits - taxing it just makes more sense to them than fully adopt. Of course it would be great if Argentina eventually catches up with El Salvador in terms of adopting bitcoin as a currency - but Argentina has a lot to learn from El Salvador's shortcomings that could make it better at planning things regarding bitcoin.

I think Milley still includes in his plan of making Bitcoin a legal currency in their country, but dealing on that matter immediately might not be good for now, he will disclose that concern maybe on the later part of his administration.

But creating some crypto-friendly laws is a sure thing. Since he has the power already, then it's easier for him to promote bitcoin with his team and educate the citizens on the essence and great potentials of bitcoin.

Why will he need to propose and make bitcoin a legal tender? Will making bitcoin a legal tender and becoming the next El Salvador make a difference? I don't also see it as a competition, as many people are almost taking bitcoin as a legal gender in countries and placing a bet on which country will be next.
 
It's a good thing if bitcoin is being accepted and recognised by governments and top regulatory authorities; it will expand coin usage and create massive awareness for the coin, which could also create room for price increases, but then again, we should not always have high hopes for things like this because it might end up disappointing us on that high hope. Another thing is that making bitcoin a legal tender takes a lot of process, and many opposition parties will stand out against that ruling party's decision as they will make everything look like you are forcing it on the people.
 
What is just the best thing to do is create a bitcoin-friendly environment and make things easier for those who want to trade, hold, or adopt it with a friendly regulatory system that should allow anyone who ever wants to use it to make use of it without criticising anyone as if they are being forced to do so.

As we can see, El Salvador faced different criticism when they accepted Bitcoin as a legal tender and might do the same with Argentina, this has become more challenging to them.  That's right, each country has unique political and social factors that influence such decisions in making Bitcoin a legal tender, IMO, I would rather want to be neutral upon embracing Bitcoin than face those consequences of risk.

As Argentina considers its economic policies, including the possibility of cryptocurrency adoption, it might be interesting to observe how these developments unfold and what lessons can be drawn from experiences in other countries.  I wish the new leadership in Argentina's success in terms of Bitcoin adoption.

Well don’t get your hopes up. I think its unwise to trust the words of a politician campaigning for votes, they say sweet words to get attention and more voters. Does Javier Milei have a solid knowledge of Bitcoin or is this just a script that’s planed to appeal to the younger voters and the populace who are tired of the old system. You said it yourself, nothing concrete has been set in place for such a move. Now that he’s President, we will see if he is going to keep to his promises.

He never said that he's planning to make it a legal tender, but there's a good chance that he will, giving his extreme political views. Or maybe he'll find another way to make it easier to use Bitcoin for the population, starting with lowering the regulations on Bitcoin and lowering or even removing taxes. I'm sure that he will do at least something for Bitcoin, and that's already good news even for those who aren't from Argentina, because it will boost the price, especially now that the market will soon turn bullish and all the positive news will get amplified.

He did not say he will make Bitcoin legal tender in Argentina but we can not prohibit people to think about it. They love Bitcoin legal tender and Market makers can use this Argentina President Election and their new Elected President, to shill Bitcoin Legal tender again.

There are two countries in which Bitcoin is legal tender so far.

Legal tender countries (https://coinmarketcap.com/legal-tender-countries/) are El Salvador (a first nation made it), and Central African Republic (a second nation made it). The interesting information from that website is Argentina does not have a top position from community votes for a next Bitcoin legal tendered nation. They are in middle of the vote result table.

He said he was going to end central banking in his country. Sure seems like he’s going to at least consider the possibility of using Bitcoin a la El Salvador. Now that the price is rising again people seem to think that was a good idea for them.

What can be applied in another country may not be applicable to another country and that may be true for Bitcoin. The success of Bitcoin in El Salvador, may not be as successful in Argentina (or more successful). So maybe the Argentine government will carry out in-depth analysis and evaluation before implementing it, because it will be closely related to the economic conditions of the country. One wrong move, maybe Argentina's inflation situation will get worse or better, so maybe it's 50-50 for Argentina to adopt Bitcoin.

If he only relies on bitcoin and thinks it can help Argentina escape inflation and crisis, I think he will be the stupidest president in the world. For a country to have a developed economy, hundreds of different factors are needed, not just relying on the adoption of a volatile asset like bitcoin to solve everything. Bitcoin is just an asset, a decentralized currency, it is not a panacea for the world.
I am not opposed to the idea of accepting bitcoin as legal tender if he intends to do so but I do not expect him to rely solely on it to improve his country's economic situation.

He has too many problems to think about before that one. The first thing he wants to do is to dollarize the economy and I only see the Bitcoin thing as plausible if he spends a long time in power, that is, if he renews in 4 years. Besides, we have to think that he has no power in Congress, so his room for maneuver will be very limited at least until 2 years from now.

If he does then it will be great news for the people of Argentina but I doubt it will be able to boost the bitcoin market as Argentina is not a major power or has any major influence on the market Cryptocurrency? If similar news comes from countries like the US or China, it will certainly have a huge impact on the market, but for the remaining countries, I don't think it will have an impact on the market. As far as I remember, El Salvador's adoption of bitcoin as legal tender didn't even receive more attention than Tesla's acceptance of bitcoin. So I'm not optimistic about the information coming out of the Argentinian market for us.

Does he think making Bitcoin legal tender in his country will reduce high inflation? I think he's just like most politicians who use trendy things to get lots of voters but actually don't understand the program he will implement to reduce inflation in the country and like most people consider Bitcoin as a god that can solve all economic problems but in practice, they will realize that Bitcoin is not a solution to every problem that occurs in this world.

That is without a doubt a possibility, however Argentina cannot really afford to waste more time with experiments and implement some crazy ideas, the elected president really needs to improve the economy of Argentina, as we are talking about a country that has suffered several economic crisis during the previous decades.

So even if bitcoin is not declared legal tender, as long as friendly laws were passed that will be more than enough to get most people happy about it and bring some investments towards the country.

What I see is that the issue of adoption is also used as a tactic in seeking support and acceptance. If you say it hasn't been realized until then, it's better to be positive first, it's not impossible to realize it because usually there are things to do in the first 100 days where he has to prioritize current issues related to real economic conditions at that time to be immediately addressed. Perhaps, after these stages, he will continue his vision and mission which will be implemented one by one, including discourses such as El Salvador and sitting down with the parties by seeing that the biggest risk is regulation, which could limit his ability to provide services or outright prohibit them. and that is the first thing that must be strengthened.
     

That is crazy talk. Bitcoin is not some magic money that can solve economic problems like this and improve standard of living! Specially because of its volatile nature it is not even ready to do such a thing at this stage.

Seriously, politicians should start consulting with actual economy experts and start actually solving the issues in their economy instead of trying to look for some "magical way" to make the problems go away.

BTW in case of El Salvador, they didn't improve their economy by adopting bitcoin as legal tender. They did it by a lot of work in the financial sector, attracting foreign investors, easing laws for financial institutions, battled corruption and crime in the country, ... and a lot more.

AFAIK, Argentina is a presidential republic, but the president there is definitely not a dictator and cannot decide anything on his own.
Milley's party doesn't have a majority in the Congress and Senate of Argentina. I don't know if he even has his own party or coalition.
I don't believe that Milley will impose both the USD and Bitcoin as legal tenders in Argentina, because he will face severe resistance in the Congress and Senate. His economical and financial program seems very radical and libertarian, so the left wing politicians in Argentina will try everything they can to stop him.

I wonder how Javier Milei will run a large economy like Argentina without a central bank. I know that some small economies don't have a central bank such as Andorra, Isle of Man, Kiribati, Nauru, Palau, etc. He talk about the dollarization of the Argentine economy which might mean that the Latin American nation will have to depend on the monetary policies of the the Federal Reserve.

I see this as a political statement targeted at getting the votes of the people. I am sure he is aware that bitcoin cannot single-handedly change the fortune of the already battered Argentine economy. Argentina's friendliness with Bitcoin will attract investors and tourists to the country and it could also help in building an inflation-resistant economy. But it should be noted that bitcoin is not the only solution to the economic problems of the third biggest economy in Latino America.

The best any government would love do for its citizens is to provide great laws that are Crypto friendly. Legal tender is too much to ask as of now from a country as big as Argentina. I can see small African and Asian countries implementing Crypto/Bitcoin as a Legal Tender sooner or later but not any big country to be very honest. Maybe once Apple and Google implement it into our day to day life, sure.

Well, we can't just say it now as it will depend on the leaders --their market approach and education dissemination to their countrymen. Knowledge is very important otherwise, their intention to accept and legalize Bitcoin as a payment option will only just fail. Acceptance will just done when people have already understood it clearly and so these business operators are also welcome for such changes. After all, it relies on the implementation of the government and the support of the community otherwise, it won't succeed.

First of all, I wish to congratulate the president-elect of Argentina, and it will really be a privilege if he is a lover of Bitcoin, as his ability to create a conducive atmosphere for bitcoin, will likely alter an increase in adoption, and slight movement of an increase in price of Bitcoin. Secondly after El- Salvador adopted BTC as legal tender, "Central African Republic" on April 25th 2022 made an announcement making them the second country to adopt BTC as legal tender, of which if Argentina happens to make such move, they are likely to be either the third or fourth on the list. Thirdly, adoption of Bitcoin do not automatically skyrocket the economic worth of a nation, but with well strategic plan geared towards producing results, just as in the cause of El-Salvador whereby after it's adoption, it brought in many bitcoin related investor & tourist into the country, increasing its gross domestic capital & e.t.c.

The election of Javier Milley as president of Argentina was a turning point, especially when you consider the country's unbelievable 140% inflation rate. His support for Bitcoin starts an interesting debate: can Bitcoin really help Argentina's economy? Accepting Bitcoin is a brave step toward decentralization that could protect you from inflation and policies set by state banks. But Bitcoin's value changes a lot, which is not a good thing; it threatens the security of the economy. Also, Bitcoin's widespread use needs a lot of technological infrastructure, public teaching, and regulatory challenges. Therefore, Milley's ideas are in line with new ways of solving money problems, but making Bitcoin a legal form of payment needs careful thought. Will this risk pay off, or will it make an economy that is already weak even more complicated?

Of course there must be initial education that needs to be done to provide an understanding of how Bitcoin or crypto works, and they must know what the risks are.
The government cannot immediately adopt it because this will impact how they use it and when they fail they will not use it again. Early understanding is very important.

Javier Milei as the new president of Argentina has an Anti-Central Bank stance.
This anti-central bank stance is particularly influential amid Argentina's annual inflation of 140 percent, highlighting Milei's determination to make changes.
Milei's ambitious plans include closing the central bank, adopting the U.S. dollar as Argentina's currency, and implementing a decentralized financial system.

But despite him being one of the supporters of the crypto asset Bitcoin, Javier Milei does not want to make Bitcoin legal tender.

So I checked him out and surprise surprise he is not exactly a politician! Although he has more experience than Zelensky I'd call him Zelensky 2.0, someone who has little to no understanding of politics but has risen to power taking control of a country and ruining it in his term. Everything he says is quite radical, it is not just about accepting bitcoin as legal tender, he wants to shut down the country's banking system and practically all control the government has on the economy!!!

If that weren't enough, he wants to sever ties with all Argentina's neighbors and specifically with BRICS! This in both short term and long term could devastate Argentina's economy. Specially when there is a $10 billion deficit and almost $300 billion in external debt that the country has to pay as the interest rates keep on rising!!!
That is all on top of 120-130% inflation rate.

I honestly hope they don't accept bitcoin as legal tender because if they do, we are going to continue having to debunk the FUD that this decision ruined economy of Argentina...

I don't think it will take steps like those taken by El Salvador and the Central African Republic. Because it seems like Javier Milei only sees Bitcoin as an investment and hedging tool. I even heard that there will be dollarization there. But the worsening inflation conditions there will mean that the government there will not have many choices. But making Bitcoin as a means of payment there for now may not be a solution. However, the most important thing is that residents there are free to own bitcoin by using it as an investment and hedging tool. But we don't know,  when the economic situation there will improve. Especially after bitcoin adoption became more widespread there. So there could be a pressing need from residents there who will start to get used to bitcoin and will make people need to pay with bitcoin. So it is possible that one day bitcoin will also become a legal means of payment there if this has become a need for the majority of people there who are now starting to choose bitcoin when their currency there experiences a fairly deep decline in value.

I personally wouldn't be surprised if Argentina legalizes Bitcoin now. Currently Argentina is facing severe financial crisis and battling with high inflation rate. The new President has to look into this to make things better for his people. Considering argentinian currency is failing miseurably there is a possibility for Bitcoin to get ligalized just to bring in stability within the economy.

I think an immediate change is not going to happen. But over the course of next few months, we might hear encouraging news about it. But please don't expect that Argentina is going to remove their own currency completely.

Regarding some medias, Milley sees have announced become Argentina president and I don't know about him exactly his opinion about bitcoin and will make it as legal tender transaction payment. In Argentina have many economic cases right now and I doubt the new Argentina president Milley sees will have difference viewed with bitcoin and make it as legal payment. Current their country face economic crisis its not easy for adopting bitcoin as legal payment transaction, I think need waiting recovery from economic crisis and advertising bitcoin for their people about advantage and profitable earning in the future when bitcoin have been investment assets.

Actually many people hope new president give new viewed about bitcoin and will make it as legal payment currency, but its not easy waiting the parliament approving agree or not to make bitcoin as legal currency transaction in Argentina.

We hope to see that Argentina becomes the second El-Savador even though Central African Republic became the second country to make bitcoin a legal tender, but there's no much about them ever since, now that the bitcoin pro president elect in Argentina has emerged, we are more of being in anticipation of what he's up to do with this his tenure base on all he had promised concerning bitcoin adoption and all its users in Argentina to have a user friendly bitcoin enabling environment and fare regulations towards every other crypto users in the country.

op Since this is a matter of politics, political leaders make various promises, and it remains to be seen how much this will materialize. I think every country has some young voters. And now most of the youngsters are interested in Bitcoin. In that case, Argentina's newly elected president, Javier Milley, may have used this opportunity. Who sought votes by telling young voters about crypto-currencies. Javier Milley became the President of Argentina. It remains to be seen how well Javier Milley succeeds in fulfilling his promise

There is no emphasis that I read in the OP on making Argentina a country that will make Bitcoin legal tender like El Salvador.
Correct me if I'm wrong. Javier Milei, who is still a candidate and has not officially become President of Argentina, has never said that if he is elected he will make Bitcoin legal tender during his leadership. Javier Milei has only embraced Bitcoin but he is not in the outlined policy as I know from investopedia.


The 100 days you mean if he has carried out his duties as President. In my opinion, the president's job is not easy because what he manages is very broad and all sectors need his attention.

I've recently watched a video explaining what's wrong with Argentina's economy, and it seems that the main problem is decades of economic mismanagement, which makes it really hard to fix because there's a need for stable economic adequacy, but coming to it might make things even worse temporarily for the population that is already struggling so much due to hyperinflation and ridiculous prices.
Milei is certainly against the Central bank, which especially makes sense due to how terribly things have been for local fiat there, and with 140% annual inflation I honestly think that Bitcoin would be much better for them than local fiat is, even if Bitcoin continues in a bearish trend. Of course, Bitcoin doesn't scale well, so I think they'd need custodial wallets with instant transactions, like in the case of El Salvador. But articles do emphasize that he hasn't suggested making Bitcoin legal tender yet, so we don't know if he ends up going for it or not. To be honest, things are so bad in Argentina that I believe that there isn't much risk in switching to Bitcoin, apart from potential pressure from the IMF, and Argentina depends on those loans...
Let's also remember that he's a president, not an absolute monarch, so even if he decides that Bitcoin is a great idea, it doesn't mean he'll succeed implementing it.

My wife has a lot of family in Argentina having a BTC favoring president is good. I do have 2 good friends that lived in NYC the moved back home to Argentina.

Maybe a road trip is in order for me. Argentina has been an interesting country for decades maybe a right wing style President that pushes BTC would be good for them.

Nothing yet has been confirmed about the information that he will make BTC a legal tender. But because this country had this high inflation rate, there has to be done with their currency or the financial system for that matter.

The country though has hundreds of active volcanoes, which should be beneficial just like El Salvador. If they can follow what Bukele did, then it's cool. It's not as hard to do what Bukele has done after all they are just in one continent.

If a country is conducted by a leader who is interested in Bitcoin then we can certainly expect their positive view of using Bitcoin. Earlier we saw in the case of El Salvador how that country's leader, Nayeb Bukele, accept Bitcoin as a legal tender. They have provided all sorts of benefits for the adoption of Bitcoin. As a result, the country has received special attention from the world, and a positive attitude has been created in almost everything, including investment. Since Javier Milley has a positive attitude towards Bitcoin, we can consider him as a fan of Bitcoin. Since he hasn't officially announced anything yet, I won't be too keen on him. But his victory in the election is undoubtedly a positive message for Bitcoin followers.

I don't expect him to do that. What's important for me and many bitcoiners around the world is the fact that a libertarian has become a president, contrary to what many other countries in South America did when they allowed socialists and communists to lead them. Not only a libertarian but a supporter of independent money.

What does it change? He may not have enough leverage to make bitcoin a legal tender, or stop the money printing, but there are other things he'll change for sure.
First of all you won't see bitcoin ownership, mining and trading banned or restricted in any way. You will be able able to safely invest.
It's possible, even very likely that bitcoiners will see tax cuts in Argentina, which could influence migration.
The president is a person who appears in the media all the time. He's going to put ideas of freedom everywhere he appears and I'm sure he's going to mention bitcoin too. This is going to have enormous impact on people who are still deciding if this is some imaginary money or a real payment system and investment asset.

If Argentina eventually makes Bitcoin a legal tender then it will send a strong message to the countries in the south-American region as well as their politicians before and during elections. Sincerely wishing that Javier Milley will not do what politicians do after they clenched the victory. If he eventually follows through on his campaign promises, Argentina may most likely be the next bitcoin destination for bitcoiners. 

If Argentina becomes one of the Bitcoin friendly country, and legalized Bitcoin even if it does not implement Bitcoin as legal tender, it will open an opportunity for lots of company that wanted to take advantage of Bitcoin and the country being friendly.  This means investors that wanted to utilize Bitcoin will come to the country establishing company that will then give Argentina a source of income and will also open job opportunities for its citizen.
 


I highly agree, that to attract crypto investors, a country must establish a friendly regulation for the crypto industry.  This will enable Argentina to take advantage of the growing cryptocurrency industry and might help a lot in its economy.

But the thing is, can Milley implement a Bitcoin friendly plan without opposition?

It is obvious that we will see different things with Bitcoin in Argentina. The new president has a positive outlook on Bitcoin and is expected to make Bitcoin-related plans for the country. Frankly, I am curious to see what will happen.

Bitcoin is not a solution to the economic crisis. It may be wrong to look at it from this perspective. For the situation in Argentina, we can talk about Bitcoin being preferred as an investment tool that the country is investing in. It is not clear how much or whether these investments will be made, but if an investment is made in Argentina and this investment is valued, there may be an opportunity for economic relief.

believe it or not, I am sure that when Miley is elected president of Argentina, she will make Bitcoin one of the legal tenders in Argentina, I say this because I see her being very frontal with fiat money whose power continues to decrease every year or what is commonly known as Inflation is called, but Bitcoin has been observed to be very immune to inflation!! Until now, its price has fluctuated and that is what makes many people see Bitcoin as a promising investment. Argentina is not a superpower and their influence when making Bitcoin a legal tender will be enormous.

We can't be really sure if Javier Gerardo Milei will make Bitcoin legal tender in Argentina. We will have to wait for what his government is going or what direction it will be. Obviously, he will have to deal with a lot of problems first so maybe making Bitcoin as a legal tender will not be a his priority.

But if everything falls into pieces and he wanted to be the next country to legalized it, then by all means he can do that. And hopefully he learn from Bukele's regime, that it will not be an easy task as there will be always someone to opposed that legalization, just saying.

Hopefully not. There's more than meets the eye in El Salvador, as the country's in shambles over which currency to use, among other problems they are facing after the fact. To me, El Salvador's a cautionary tale of what you shouldn't do as part of your plan to massively adopt crypto in your territory, since the majority of people in El Salvador practically hates bitcoin and crypto, airing out how inconvenient it became for them to just buy stuff and transact on a daily basis.

Don't get me wrong, what I'm only hoping to convey here is that I hope Argentina's story's a little better than what we got with El Salvador, the country got their first crypto-supportive president, if done right, he could usher in a new age where people are more receptive of using crypto on a daily basis.

Well, that still remain uncertain as we are not yet sure if that is really the main goal of Milley. Being a bitcoin lover does not guarantee that he will eventually legalized bitcoin as a legal tender in their country. Let the citizens give their opinions and ideas about it first before he will take final action that will not come out as totally contradicting from the desires of the people. The role of the president is not to create a law for his own desires and satisfactions, but certainly for the benefit of all the citizens. If bitcoin could do that, then most probably the president will look into it at the time of his administration.

Most likely, he will create crypto-friendly laws first so that the people will test it if that will be effective or not, if that will be favored by majority or not. Otherwise, these people will form a strike just like the people of El Salvador when they first heard that bitcoin will be their legal tender.

it is fine for me if btc won't be accepted as legal tender but just be open with crypto-related businesses. they can always regulate the usage of it by implementing laws and other protocols about it. but at least, be more open to possibilities relating to this market. the containment is hard, as basically anyone can just do their business on their own. but the government can always draft their protocols to this industry just like any other industry.

It's hard to implement it because I just heard he wants to use the dollar to recover the economic country. So when he replaces the Peso with the dollar, I think he will face a conflict of interest between the two countries. he will also create CDBC which I think it's still a centralization economy on Argentina. But so far, I am happy to hear that figure who supports bitcoin become a leader a big country like Argentina. I hope next, there will be another figure who supports Bitcoin becoming a leader a big country like the USA, I just heard that Robert F. Kennedy Jr is very supportive of bitcoin. So if next, Milley and Robert to be president of both countries and work together on bitcoin. Maybe we can meet a big surprise for the price.

Adopting bitcoin might be a good idea too. The reason is that when El Salvador decided to adopt Bitcoin, at that time the country was also experiencing an economic crisis. So it's not wrong if Milley has the same thoughts as Bukele. Because currently El Salvador has experienced some quite good changes, after deciding to adopt bitcoin. Perhaps it was this positive impact that became Milley's big motivation to change the economic crisis in Argentina by using bitcoin. But even so, the possibility of changes to the economic system that can be achieved after adopting Bitcoin will probably take quite a long time.

making bitcoin legal tender is a difficult thing to do, especially for a country as big as argentina because it will be related to their financial and banking system. maybe argentina's elected president has a passion for bitcoin and calls it a solution to argentina's banking system, but argentina also has a parliamentary system which makes regulations in their country so that the president doesn't just work alone with his vision and mission.

so the implementation of bitcoin in argentina is very unlikely considering that the argentine government has many stakeholders and the president does not only work alone. maybe argentina will launch their cbdc, but making bitcoin legal tender is unlikely.

It's Milei, not Milley. 

Anyway, it's interesting to wait for this. There will surely be strong pressures from many sides not to do it. I'm sure President-elect Milei will be or is already receiving a lot of advice not to proceed dismantling the country's central bank or considering Bitcoin as a legal tender. Some might be borderline threat especially considering that Argentina is a member of G20.

Doing those might cost the country a lot. Milei's principles, will and courage, will all be tested now that he's already the president.

Anything can happen just like El Salvador did. If they have difficulty improving the value of their currency, why shouldn't they try bitcoin even though there is no guarantee that they will succeed? But if they don't try, if they don't take risks, they will always fail. I support them if they make bitcoin legal tender. Like El Salvador before it, they no longer have any solutions to improve their economy so they may see bitcoin as an opportunity. While not yet successful, they have made significant improvements since accepting bitcoin as legal tender, and I believe Argentina has the same opportunity.

Argentina has signed agreements with the IMF that will not allow them to pull an "El Salvador" move, so starting by this, this will not happen. He has higher priorities on his to-do list that are mastodontic by itself, such as the dollarization. He's going to need many millions to fund this process. I could see high yield bonds being bought if he manages to create an interesting scenario for investors. If they are capable of adopting the required measures on each step, he may make it, but he does not have enough power to do it all by himself, he is going to need to find agreements with other parties, and he is also going to have internal and external enemies because they don't want to see a libertarian to do well.

Congratulations to Javier for making its second time in position , and yeah His popularity seems to be Argentinian wanted to lead their counry .
and Also I love the Photo presenting Bitcoin by the president .
that was close , a 12 percent deficit  , hoping that now  Bitcoin may be adopted to Argentina and next to the whole Latin America .
also advance greetings to argentinian for this job well done.

No!

The community cannot be so deluded with the idea Arg-Milei-bitcoin, hence announcement in the libertarian idea of ​​the use of bitcoin and, the issue of eliminating the central bank does not mean that it has anything to do directly With bitcoin, nothing at all, it is a reference in your ideals, it does not mean that it is an execution in your government program. In fact, implementing the USD as the official currency is one of the first stages of his political plan.

The reality is that the implementation of certain laws for its use since there is certain legislation in this crypto matter, consequently that type of news is perhaps the most relevant in its government, at least in the short term to bitcoin.

Acceptance is different from adoption. Argentina will accept Bitcoin and regulate the usage, but adoption as legal tender similar to El Salvador is not possible thing in Argentina. Maybe in the long term they can realise the better part and consider it. For now people will be free to use cryptocurrency within the country unlike many other countries where it is banned. In some countries even people were arrested for holding cryptocurrency.

Argentina's Peso stands against inflation and supports Bitcoin. Because bitcoin is the real people's currency because people who are currently connected to bitcoin are always satisfied with bitcoin. It is best to prioritize Bitcoin by following all the activities that are currently Bitcoin supported in Argentina. Argentina will continue to target El Salvador in the future as their interest in Bitcoin is high. Now, if the president of Argentina keeps bitcoins, then this bitcoin will protect him from the economic impact in the future. Because Bitcoin is a valuable asset only real people use Bitcoin.

What's the reason why Argentina can't make bitcoin a legal tender? As you also said, people there are free to use bitcoin and cryptocurrencies in the country, which means the chances of the government making bitcoin legal tender are higher.

Inflation there has increased to 146% and that is a huge number. I don't think using bitcoin can help them completely escape inflation but they can try because like El Salvador, they are also slowly getting out of trouble since accepting bitcoin as legal tender.

Honestly, this could be possible considering the new president, but more importantly if we could see this happen, it would be the biggest nation that has ever done this. For people who do not know about Argentina, they are not as poor as they seem, I mean the yare poorly managed, but if you look just 10 0years ago, they were one of the richest nations in the entire world, they were doing insanely well.

Just like how people went to USA and found resources and free land and got rich, same happened back at Argentina as well, then terrible politicians happened and they were not doing great. I am not saying this new president will be great, or even better, but he could be the type of person who could let bitcoin be legal tender.

Apparently this guy is not clueless and knows about the Austrian School of Economy (https://mises.org). Hayek made a proposal a few decades go, to let the market decide what coin to use, not have a State monopoly of it. And that is precisely what this guy said would do: Close the Central Bank of Argentina which also serves to remove the wedge banks use for their legalized ponzi scheme known as fractional reserve. Central Banks were created for that first and issuing coins second. It is great that people there learn that putting money in banks is risky, and much better now without State protection.

The market can decide what to use, and that includes private made coins such as Bitcoin, at the same time, lose their trust of banks; win/win.

I think we are missing some information. From all indications, I think they used Bitcoin and cryptocurrency as campaign strategy and not adoption for economical value. What I believe his government will do is to make bitcoin right for people to use and not enforce any form of ban or possibly as a legal tender but to solve economica inflation; NO! Bitcoin will not take Argentina out of inflation and I have my reasons for saying such.

Have you thought about it what will happened to foreign reserves if bitcoin depreciate due to unplan situations and unexpected things? What is going to bail them out in this difficult situations? It will not work but assuming they already had bitcoin when it was in it's lowest values, it would have been okay but the nature of bitcoin and it's volatility will sink them more on inflation when things become rough.

Since El Salvador bought bitcoin, they don't seem to be the driving force of the market after the market collapse, in fact they have remain silent for a while but there are economy is moving well and things are okay for them and I like the fact that the people can do bitcoin everyday without any questions, Argentina can follow the same pattern to allow adoption through its people.

Everything is left to the government to decide and do what will actually benefits her citizens since that is the major priority.
It may look like the government has plans to adopt cryptocurrency just like the way El Salvador did and is not still successful like the way the government proposed everything to the world. Maybe it only going to take a matter of time for things to work out the way it was planned. The government may not adopt Bitcoin fully now but that might be a plan for the future.

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Source Link (https://twitter.com/BitcoinNewsCom/status/1735830764841812142?t=G137wlLtBfuvhwoF5Gqc9A&s=19)
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