- Javier Milei secured victory in Argentina’s presidential race.
- Charles Hoskinson sees an opportunity for state-level integration of Cardano in Argentina.
- Bitcoiners are also keen on state-level integration of BTC.
Javier Milei scored a decisive victory in Argentina’s presidential race on November 19. Some political observers have commented that Milei’s radical policies and subsequent victory were a response by an electorate tired of the country’s crippling hyperinflation and economic instability.
Off the back of the election victory, several Bitcoiners have expressed strong interest in pitching Milei the concept of BTC integration at the state level. However, Input Output Global (IOG) CEO Charles Hoskinson also sees an opportunity to showcase Cardano’s decentralized blockchain solutions as a fit for Milei’s vision of a strong Argentina.
Cardano Founder Wants Milei Meeting
During an AMA broadcast on November 26, Hoskinson was asked about his thoughts on Milei and whether there was interest in pitching Cardano’s solutions to the newly elected Argentine president. The IOG CEO expressed a willingness to meet with Milei based on their shared economic views around reducing the role of government as the best way to allocate resources.
“He’s an Austrian Economist, the first world leader who believes in the Austrian School of Economics and wants to get rid of the Central Bank. That’s a friend of mine,” enthused Hoskinson.
This ideological alignment prompted Hoskinson to envision Cardano solutions underpinning Argentina’s economy and governance transformation. To fulfill this remit, Hoskinson suggested Cardano could help Argentina with blockchain-enabled self-sovereign digital identity, voting systems, and as a form of money in the country.
Taking aim at the broader failings of global economies, such as rampant inflation, Hoskinson boldly declared, “You know crypto is the answer,” as he doubled down on his intention to pitch blockchain solutions to Milei. However, Bitcoiners are also targeting Milei in the hopes of state-level integration.
Bitcoin State Integration
Bitcoiners wasted no time lobbying Milei for state integration after his presidential victory. The same night of Milei’s win, prominent Bitcoiner Max Keiser asked permission from El Salvador’s president Nayib Bukele to arrange talks with Milei on potentially integrating Bitcoin at the state level.
Similarly, Jan3 CEO Samson Mow has revealed that he intends to meet Milei next year to discuss Bitcoin adoption in Argentina, making clear that adoption doesn’t necessarily equate to adopting BTC as legal tender, implying that lesser forms of adoption, such as holding as a state treasury asset, are always on the table.
On the Flipside
- Bitcoin maximalists have advocated for state integration of BTC only.
- Cardano has a track record for delayed roll-outs due to its methodical approach.
- Cardano enables more real-world uses than Bitcoin but must out-compete rival next-gen blockchains like Ethereum and Solana in making its case to transform Argentina.
Why This Matters
Cardano and its peers aim to showcase real-world viability to everyday citizens by pursuing state-level integration. Should this decentralized vision take root under Milei’s leadership, it would signal a coming of age for the industry’s credibility and public understanding of crypto as a force for empowerment.
Learn more about the latest incident fueling Cardano-Ethereum rivalry here:
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Discover Samson Mow’s thoughts on Bitcoin to $1 million here:
Here’s How Bitcoin Gets to $1M According to Samson Mow
