Argentine President "issues currency to save the country" Beware of new tricks endorsed by politicians

——LIBRA coin plummeted 80%, who is celebrating and who is crying?   

1. The president personally issued the coin, is it an innovation or a scam?

On February 15, 2025, Argentine President Javier Milei announced the launch of a Meme coin called LIBRA through official social media, claiming that this move would "promote Argentina's economic growth" and directly announced the token contract address. As soon as the news came out, the price of LIBRA soared to $4.96 in a short period of time, and its market value was close to $5 billion. However, within just a few hours, its price was halved to $0.6, and its market value shrunk to less than $1 billion, staging a "roller coaster" farce. What is more alarming is that this operation was questioned as "the authenticity of the account is in doubt." Some media pointed out that Mile's social account had previously posted controversial remarks many times, and this coin issuance behavior may have been hacked, but the official has not yet responded clearly. 2. Presidential endorsement ≠ security guarantee, cutting leeks routine upgrades 1. "Celebrity effect" becomes a sickle Mile is not the first politician to get involved in cryptocurrency. In January 2025, former US President Trump launched his personal Meme coin **TRUMP**. On the day of its launch, its market value soared by 1,250%, and its trading volume exceeded US$5 billion. However, such tokens often lack actual value support, relying only on celebrity traffic hype, and eventually become "harvesting tools".   

2. Speculation carnival under economic difficulties

In recent years, Argentina has been mired in a debt crisis and inflation. The government has even eased fiscal pressure through radical policies such as cutting public spending by 30% and closing institutions. Against this background, the president used the gimmick of "cryptocurrency to save the country", which is very likely to incite people's speculative sentiment and cover up the weakness of economic governance. 3. Risks out of control in a regulatory vacuum Although Argentina has discussed cryptocurrency cooperation with El Salvador, experts emphasize that the feasibility of the country's full adoption of digital currency is extremely low, and the complex debt problem and financial system restrict the implementation of the policy. The sudden launch of LIBRA coin, with no clear regulatory framework and no public technical white paper, is more like an "improvisational performance."   

III. Historical Lessons: From Trump to the Central African Republic

1. Trump Family Coin Issuance: A "Gray Carnival" of Political Power and Commercial Interests

Trump's wife Melania launched the MELANIA coin right after Trump's coin issuance, causing the price of TRUMP coin to be halved, and the market value evaporated by $7.5 billion in 10 minutes. Under the violent market fluctuations, more than 260,000 investors were liquidated within 24 hours, suffering heavy losses. Although Trump claimed that this move was to "support cryptocurrency innovation", experts pointed out that its essence was a "predatory financial tool" that attracted retail investors to take over through political aura and eventually cashed out.   

2. The "rough experiment" of the President of the Central African Republic: CAR coin and regulatory vacuum

In February 2025, the President of the Central African Republic, Faustin Archange Touadera, launched the Meme coin **CAR**, claiming to "promote national development through crypto assets". However, the investigation found that the official website domain name of the token was only registered for 4 days, and 80% of the tokens were concentrated in 6 associated addresses, the source of funds was Binance Exchange, and the technical security measures were almost zero. Yu Xian, the founder of SlowMist, also pointed out that the official website carries viruses and the risk is extremely high.   

Although the Central African Republic is the second country after El Salvador to use Bitcoin as legal tender, its economic foundation is weak and its per capita GDP ranks last in the world. The president's issuance of currency has been questioned as "using the country's poverty to cover up financial speculation" and may even be the work of hackers.   

Fourth, be vigilant! The "politicization trap" of cryptocurrency

Mile's LIBRA coin, on the surface, is under the banner of "economic innovation", but in fact it may hide multiple risks:  

Policy contradictions: The Argentine government previously only allowed Bitcoin payments in specific scenarios, far from fully supporting cryptocurrencies. This coin issuance runs counter to existing policies.  

Sovereign credit overdraft: If the LIBRA coin eventually collapses, the country's credit will suffer a heavy blow, further exacerbating economic turmoil.  

People's wealth evaporates: Ordinary investors blindly follow the trend and may suffer heavy losses due to price plunges, and eventually pay for politicians' "experiments".   

Conclusion  

Cryptocurrency should not be a tool for politicians to divert conflicts and harvest public opinion. From Trump's TRUMP to Milley's LIBRA, the so-called "presidential projects" are a conspiracy between capital and power, and a wealth trap for ordinary people.   

Investment warning:   

Stay away from Meme coins that have no actual value and are purely hyped;   

Be wary of projects endorsed by politicians and celebrities, and analyze the underlying logic rationally;   

Remember that high returns are accompanied by high risks, and the myth of getting rich quickly is often an abyss.