Argentina's Chainsaw-Waving President (Bitcoin Edition)

Madman or genius? Or both? [Altucher Confidential] November 27, 2023 [WEBSITE]( | [UNSUBSCRIBE]( Watch out, central bankers. If Argentina is successful, you’re in trouble. [Hero_Image] Argentina's Chainsaw-Waving President (Bitcoin Edition) [Chris Campbell] CHRIS CAMPBELL Dear Reader, Javier Milei. He used to be a tantric sex teacher. He has five cloned dogs. (Or is it four?) His sister, Karina Milei, is set to be the first lady. On Javier’s urging, Karina trained as a dog medium so she could facilitate communications between the new president and his pups. Why? Because, as Javier puts it, “dogs are excellent strategists.” Javier hates central banks. He likes Bitcoin. He’s now the president of Argentina. In other words… Finally, some good news? [pub] The Scariest Part About Biden’s 2024 Campaign… It’s not that he could raise our gas prices to $10 a gallon. It isn’t because he has America on the cusp of a nuclear World War III… And honestly, it’s not even his ridiculous, “woke” agendas… What scares me the most is… [Is this](. Are you prepared to lose thousands – or tens of thousands – of dollars per year due to his upcoming policies? If not… [Watch this video now](. The Wild Card Indeed. In a weird turn of events, Argentina has crowned its new president -- the wild card Argentina needs to battle against catastrophic inflation. At least, enough Argentinians seem to believe this is the case. He's the guy who brandishes chainsaws at rallies, smashes Central Bank pinatas on national TV, and dresses up as his own version of a superhero. But he’s not just blowing hot air in the wind. He knows a thing or two about how the system works -- and how it doesn’t. Trained as an economist, with a resume boasting stints at major Argentine business conglomerates and even HSBC, he's no stranger to the economic labyrinth. Milei's prescription for Argentina's ailing economy is threefold: dismantle the Central Bank, slash government spending, and replace the peso with the US dollar. So, how did this eccentric character clinch the presidency? It’s obvious: the economy. Argentina's been on a rollercoaster ride of economic turmoil, marked by hyperinflation and a plummeting peso. People are desperate for change, and Milei's promises of economic "shock therapy" resonate. But the question on everyone’s lips in my neck of the woods: Is this bullish for crypto? Let’s investigate. What Does This Mean For Crypto? Is Milei going to follow El Salvador’s footsteps and make BTC legal tender? That’s unclear. While he’s shown a favorable stance towards Bitcoin, it's not at the center of his platform. Nonetheless, Argentina already has a relatively high rate of crypto adoption. This could grow under Milei's regime, given Milei is far more likely to take a laissez faire approach to crypto. But it's unlikely Argentina will mirror El Salvador's exact path. And here’s the thing… Milei's not without controversy. His involvement in questionable crypto schemes have raised eyebrows. Is he the figurehead the crypto world wants to rally behind? Maybe not. His ascent to power is a fascinating development for both Argentina and the crypto space. His unorthodox methods and bold economic plans could radically transform Argentina into a powerhouse. Whether this will translate into a crypto revolution remains to be seen. But one thing's for sure -- with Milei at the helm, Argentina's journey will be anything but boring. Watch out, central bankers. If Argentina is successful, you’re in trouble. Until tomorrow, [Chris Campbell] Chris Campbell For Altucher Confidential “The Situation Is Getting Worse By The Day” That’s what the President of the US Chamber of Commerce just said about the supply chain. If you thought the supply chain issues were over, think again… Things are about to get much, much worse. And everything from your local grocery store to your gas station could be impacted. That’s why I’m urging everyone I can to prepare now… [To see the #1 move to make before this problem gets any worse, click here now.]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Altucher Confidential e-mail subscription and associated external offers sent from Altucher Confidential, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@altucherconfidential.com. This address is for feedback only. 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