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Given Milei's track record—which includes controversial economic reforms leading to a reduction in inflation—questions arise about the motives behind his involvement with Libra. Having achieved notable popularity and a sustained approval rating above 50%, it seems paradoxical that he would risk his reputation for short-term gains in a dubious cryptocurrency venture.
Milei’s previous endorsements of questionable crypto projects, including the failed firm CoinX, have led some to speculate if he may have been willingly or unwittingly involved in this latest incident. Drawing parallels to other political figures who have waded into crypto, one begins to wonder whether Milei sought to replicate strategies adopted by leaders like former President Donald Trump.