1. Presidential Crypto Launch: Innovation or Scam?
On February 15, 2025, Argentine President Javier Milei announced the launch of a meme coin named LIBRA via official social media, claiming it would "boost Argentina's economic growth" and even disclosing the token contract address. The price of LIBRA briefly surged to $4.96, with its market cap nearing $5 billion. However, within hours, it plummeted to $0.6, shrinking its market cap to less than $1 billion, creating a rollercoaster-like spectacle.

Adding to the skepticism, doubts were raised about the authenticity of the account. Some media outlets suggested that Milei’s social media account, known for controversial posts, might have been hacked, though no official response has been provided.

2. Presidential Endorsement ≠ Safety: The Evolution of Scams
1. Celebrity Influence as a Weapon
Milei isn’t the first politician to dabble in cryptocurrency. In January 2025, former U.S. President Donald Trump launched his meme coin, TRUMP, which saw its market cap skyrocket by 1250% on its debut, with trading volume exceeding $5 billion. However, such tokens often lack real value and rely solely on celebrity-driven hype, ultimately becoming tools for exploitation.

2. Speculative Frenzy Amid Economic Crisis
Argentina has been mired in debt and inflation, with the government resorting to drastic measures like cutting public spending by 30% and shutting down institutions. Against this backdrop, the president’s "crypto salvation" narrative easily fuels public speculation, masking the government’s economic mismanagement.

3. Uncontrolled Risks in a Regulatory Vacuum
Despite discussions with El Salvador on crypto cooperation, experts argue that Argentina’s adoption of digital currency is highly impractical due to its complex debt and financial system. The sudden launch of LIBRA, lacking a clear regulatory framework or technical whitepaper, resembles an "improvised performance."

3. Historical Lessons: From Trump to the Central African Republic
Trump’s Crypto Venture: A Gray Zone of Power and Profit
Following Trump’s lead, his wife Melania launched MELANIA Coin, causing TRUMP’s price to halve and wiping out $7.5 billion in market cap within 10 minutes. The market volatility led to over 260,000 investors facing liquidation within 24 hours. While Trump framed it as "supporting crypto innovation," experts labeled it a "predatory financial tool" exploiting political influence to lure retail investors before cashing out.

Central African Republic’s CAR Coin: A Crude Experiment
In February 2025, President Faustin-Archange Touadéra of the Central African Republic launched CAR Coin, claiming it would "drive national development through crypto assets." However, investigations revealed the token’s website domain was registered just four days prior, with 80% of tokens concentrated in six linked addresses and funds sourced from Binance. Cybersecurity expert Yu Xian noted the website carried viruses, posing high risks.

Despite being the second country after El Salvador to adopt Bitcoin as legal tender, the Central African Republic’s weak economy and low GDP per capita raise suspicions that the president’s move was a "financial gamble disguised as poverty alleviation," possibly even a hack.

4. Beware! The Politicization Trap of Cryptocurrency
Milei’s LIBRA, while framed as "economic innovation," may conceal multiple risks:

• Policy Contradictions: Argentina previously allowed Bitcoin payments only in specific scenarios, far from full crypto adoption. LIBRA’s launch contradicts existing policies.

• Sovereign Credit Erosion: If LIBRA collapses, national credit will suffer, worsening economic instability.

• Public Wealth Evaporation: Ordinary investors, blindly following trends, may face significant losses, paying the price for the president’s "experiment."

Conclusion
Cryptocurrency should not become a tool for politicians to shift blame or exploit public sentiment. From Trump’s TRUMP to Milei’s LIBRA, so-called "presidential projects" often mask collusion between capital and power, trapping ordinary people in financial ruin.

Investment Warnings:

• Avoid meme coins with no real value, driven purely by hype.

• Be wary of projects endorsed by politicians or celebrities; analyze their underlying logic.

• Remember: High returns come with high risks; beneath the myth of quick riches often lies a deep abyss.

1. Presidential Crypto Launch: Innovation or Scam?
On February 15, 2025, Argentine President Javier Milei announced the launch of a meme coin named LIBRA via official social media, claiming it would "boost Argentina's economic growth" and even disclosing the token contract address. The price of LIBRA briefly surged to $4.96, with its market cap nearing $5 billion. However, within hours, it plummeted to $0.6, shrinking its market cap to less than $1 billion, creating a rollercoaster-like spectacle.

Adding to the skepticism, doubts were raised about the authenticity of the account. Some media outlets suggested that Milei’s social media account, known for controversial posts, might have been hacked, though no official response has been provided.

2. Presidential Endorsement ≠ Safety: The Evolution of Scams
1. Celebrity Influence as a Weapon
Milei isn’t the first politician to dabble in cryptocurrency. In January 2025, former U.S. President Donald Trump launched his meme coin, TRUMP, which saw its market cap skyrocket by 1250% on its debut, with trading volume exceeding $5 billion. However, such tokens often lack real value and rely solely on celebrity-driven hype, ultimately becoming tools for exploitation.

2. Speculative Frenzy Amid Economic Crisis
Argentina has been mired in debt and inflation, with the government resorting to drastic measures like cutting public spending by 30% and shutting down institutions. Against this backdrop, the president’s "crypto salvation" narrative easily fuels public speculation, masking the government’s economic mismanagement.

3. Uncontrolled Risks in a Regulatory Vacuum
Despite discussions with El Salvador on crypto cooperation, experts argue that Argentina’s adoption of digital currency is highly impractical due to its complex debt and financial system. The sudden launch of LIBRA, lacking a clear regulatory framework or technical whitepaper, resembles an "improvised performance."

3. Historical Lessons: From Trump to the Central African Republic
Trump’s Crypto Venture: A Gray Zone of Power and Profit
Following Trump’s lead, his wife Melania launched MELANIA Coin, causing TRUMP’s price to halve and wiping out $7.5 billion in market cap within 10 minutes. The market volatility led to over 260,000 investors facing liquidation within 24 hours. While Trump framed it as "supporting crypto innovation," experts labeled it a "predatory financial tool" exploiting political influence to lure retail investors before cashing out.

Central African Republic’s CAR Coin: A Crude Experiment
In February 2025, President Faustin-Archange Touadéra of the Central African Republic launched CAR Coin, claiming it would "drive national development through crypto assets." However, investigations revealed the token’s website domain was registered just four days prior, with 80% of tokens concentrated in six linked addresses and funds sourced from Binance. Cybersecurity expert Yu Xian noted the website carried viruses, posing high risks.

Despite being the second country after El Salvador to adopt Bitcoin as legal tender, the Central African Republic’s weak economy and low GDP per capita raise suspicions that the president’s move was a "financial gamble disguised as poverty alleviation," possibly even a hack.

4. Beware! The Politicization Trap of Cryptocurrency
Milei’s LIBRA, while framed as "economic innovation," may conceal multiple risks:

• Policy Contradictions: Argentina previously allowed Bitcoin payments only in specific scenarios, far from full crypto adoption. LIBRA’s launch contradicts existing policies.

• Sovereign Credit Erosion: If LIBRA collapses, national credit will suffer, worsening economic instability.

• Public Wealth Evaporation: Ordinary investors, blindly following trends, may face significant losses, paying the price for the president’s "experiment."

Conclusion
Cryptocurrency should not become a tool for politicians to shift blame or exploit public sentiment. From Trump’s TRUMP to Milei’s LIBRA, so-called "presidential projects" often mask collusion between capital and power, trapping ordinary people in financial ruin.

Investment Warnings:

• Avoid meme coins with no real value, driven purely by hype.

• Be wary of projects endorsed by politicians or celebrities; analyze their underlying logic.

• Remember: High returns come with high risks; beneath the myth of quick riches often lies a deep abyss.