Javier Milei: I didn’t promote it, I shared it
2 min read
Speaking on TV
“I acted in good faith and took a hit,”
“Did the State lose money? No. Did Argentinians lose money? Maybe four or five at most. The vast majority of investors are Chinese and American.”
“I shared this the same way I’ve shared hundreds of things. My tweet came just three minutes after the coin was created because I’m passionate about these things and found out about it. These are volatility traders who knew what they were doing.”
“[Hayden Davis] proposed creating a structure to finance entrepreneurs who, due to informality, lack funding options. When Libra became public, I helped spread the word,”
“It’s false that 44,000 people were affected—at most, it’s 5,000. The chances of there being Argentinians involved are very slim. These are highly specialized individuals in this type of financial instrument. Those who got involved knew the risks very well—they are volatility traders. This is a private matter between individuals, and they participated voluntarily,”
“I didn’t promote it, I shared it. I did it because I’m a die-hard technoptimist. Any initiative that improves financing for tech entrepreneurs interests me. I made no mistakes because I acted in good faith. But when I look at the political repercussions, I realize I have something to learn. I need to understand that after becoming president, I continued acting like the same Javier Milei as before. Unfortunately, this situation shows me that I need to raise my filters and not make myself so accessible.”
It’s worth noting this is not the first crypto scam Javier Milei has been involved in
In 2021, Milei promoted CoinX, a now-defunct deliberate crypto ponzi scheme, on Instagram.
He sold it as a revolutionary tool for Argentinians to safeguard their wealth from inflation.
By 2022, CoinX rugged, and stopped paying everyone, it was later exposed as a Ponzi scheme.
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