The crypto ecosystem, fueled by Bitcoin's surge to over $40,000 in early December, is cautiously waiting for the initial economic measures taken by Javier Milei, Argentina's new President, libertarian economist. Milei took office on Sunday as the country grapples with an annual inflation rate of 142% and elevated poverty levels, which affects 56% of children according to the latest official statistics.
He has promised to drastically reduce state intervention by easing regulatory constraints on the private sector- an idea that resonates with many of his libertarian followers and the broader crypto world.
