Javier Milei's recommendation to invest in the cryptocurrency $Libra prompted a political crisis, marking the most significant upheaval during his 14 months in office. Initially, $Libra surged to a $4 billion valuation after Milei's endorsement, but soon became clear it was a scam, leaving many investors at a loss. As the fallout escalated, requests for Milei's impeachment emerged, and he downplayed his role in promoting $Libra, insisting buyers acted at their own risk. This situation has intensified scrutiny on his government and raised serious questions about accountability and oversight within his administration.
Milei's recommendation to invest in $Libra, a new cryptocurrency, seems to have sparked a political crisis as it led to a scam that harmed many investors.
Following the fallout from Milei's endorsement of $Libra, he claimed he wasn't well-informed, calling the crypto market a 'casino' and downplaying his responsibility.
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