Bitcoin advocate Max Keiser criticizes Javier Milei’s approach to cryptocurrency
Max Keiser, a staunch supporter of Bitcoin and advisor to El Salvador President Nayib Bukele on Bitcoin matters, has publicly criticized the crypto policy of Argentine President Javier Milei. Milei, who took office in December, has implemented bold economic measures to revive Argentina’s struggling economy and combat the steep devaluation of the Argentine peso. While Milei’s embrace of Bitcoin has been praised by the crypto community, Keiser believes that Milei mistakenly lumps Bitcoin in with other cryptocurrencies. Keiser argues that this misunderstanding sets Milei’s economic agenda back by years. Keiser highlights the clear distinction made by President Bukele, who passed legislation classifying all non-Bitcoin cryptocurrencies as unregistered securities. Keiser’s criticism reflects the divide between Bitcoin maximalists, who see Bitcoin as distinct from the rest of the crypto ecosystem, and those who view all cryptocurrencies as part of the same industry. Earlier this month, Argentina’s securities regulator introduced regulations requiring registration for all Virtual Assets Services Providers, affecting entities involved in buying, selling, trading, and transacting crypto tokens, including Bitcoin. While El Salvador has embraced Bitcoin and made it legal tender, Milei has not taken a similar stance, instead suggesting dollarization for Argentina’s economy.