Submission + - Argentinian president promotes $LIBRA cryptocoin... which crashes into oblivion
gwolf writes: On Friday, February 14, Libertarian Argentinian president, Javier Milei, promoted the just-created $LIBRA cryptocoin, created by the Viva la libertad project, strongly aligned with his political party, La Libertad Avanza. Milei tweeted, ÂThis private project will be devoted to promote growth of the Argentinian economy, funding small startups and enterprises. The world wants to invest in Argentina!Â. It is worth noting that the project's website was registered a mere three minutes before Milei tweeted his endorsement. The cryptocoin quickly reached a $4.6 billion market cap... Only to instantaneously lose 89% of its value, with nine core investers pulling the rug from under the enthusiast investers.
Of course, Milei angrily answered with a new tweet blaming everybody but himself. Is there any way to believe he wasn't aware of the shoddy associates he was promoting? Or that promoting a memecoin is not responsible for the head of state of a country?
