After Javier Gerardo Milei’s election as the new president of Argentina, there is excitement about the potential for a second Bitcoin-supporting president in Latin America. However, there are also reasons to be more cautious and skeptical before celebrating. Milei, known for his candid and unconventional style, advocates for significant reforms: cutting expenses, reducing government intervention, addressing inflation, and abolishing the central bank. Caution is advised though. Milei himself is not a Bitcoin supporter, but as an Austrian economist, he understands the need for Bitcoin to counter central bank and Keynesian policies. In fact, one of his main policies is to dollarize the Argentine economy to more accurately reflect the situation on the ground. Despite this dollarization being one of the most anti-Bitcoin measures he could take, it represents the intersection of idealism and reality, and Milei must make the best decisions for Argentina.

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