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Javier Milei tried to imitate Donald Trump, but did not go well. This Friday, users of social network X were surprised by a message from the Argentine president, who was publicized a cryptocurrency called $ Libra.
Javier Milei is accused of financial fraud after promoting cryptocurrency that he devalued in minutes. Photo: Agustin Limarian/Reuters
“Liberal Argentina grows. This private project will be dedicated to stimulating the growth of the Argentine economy, financing small companies and Argentine enterprises, ”he wrote at 19:01 local hours, adding a link that refered to the website of the project.
The result was practically immediate. In a few minutes, at $ Libra valued in millions of dollars. According to the newspaper, the price of cryptocurrency went from 0.3 cents of dollar to $ 4.7 minutes after Milei’s message. However, the speed with which the crypto valuable was the same as it fell. Shortly thereafter, the Argentine president deleted the post.
A $ Libra is another Memecoin – a cryptocurrency or virtual asset that originates in horny moments or images or trends on the Internet, which were very popular at the time of the pandemic. In January, Donald Trump, the president of the United States, launched to $ Trump, who was worth more than $ 15 billion in about three days. These cryptors are known to value very quickly, but also for their opposite.
Behind the creation of $ Libra is Kip Network, a company focused on the development of technological solutions for digital financial systems, such as cryptocurrency. According to the Argentine newspaper “La Nacion”, Milei had already found himself with the company’s founder and executive president in October last year at the Argentina Technological Forum.
