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The Breakdown

Why A Pro-Bitcoin, Anti-Central Bank Economist Just Won Argentina’s Presidential Primary

The Breakdown

Blockworks

Investing, Business

4.8806 Ratings

🗓️ 15 August 2023

⏱️ 17 minutes

🧾️ Download transcript

Summary

Javier Milei shocked the world with an upset win in Argentina's presidential primary this week. NLW provides some background on the context in which the outspoken pro-Bitcoin, anti-Central Bank candidate has come to lead the polls. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0

Alex Kruger, who I frequently quote, who is himself from Argentina, said,

0:03.7

Miele is neither good nor bad.

0:05.5

He is different.

0:06.5

And for Argentina, different means good.

0:12.6

Welcome back to The Breakdown with me, NLW.

0:16.9

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

0:25.9

What's going on, guys? It is Tuesday, August 15th, and today we are talking about the

0:30.5

Argentinian presidential candidate who is a pro-Bitcoin candidate. Before we get into that,

0:36.5

however, if you are enjoying the breakdown, please go subscribe to it,

0:39.1

give it a rating, give it a review, or if you want to dive deeper into the conversation,

0:42.5

come join us on the Breakers Discord.

0:44.3

You can find a link in the show notes or go to bit.ly slash breakdown pod.

0:48.1

Hello, friends, welcome back.

0:50.0

If you have been on Bitcoin Twitter in the last day or so, you've probably seen someone talking

0:55.4

about the pro-Bitcoin Argentinian presidential candidate that just won a primary election.

1:00.6

As a representative tweet, Marty Bent said,

1:02.9

Argentina electing an anarcho-capitalist president and embracing Bitcoin would be pretty epic,

1:08.2

especially when the world sees how quickly they recover from a multi-decade

1:11.2

bout of fiat-induced economic mismanagement. Now, this is indeed a really interesting development.

1:17.2

However, it can be very easy, all too easy, frankly, for bitcoiners or crypto advocates to get so

1:23.0

excited about a politician from somewhere else sharing our views on those particular topics, that we

1:28.6

fail, A, to see the politician for their full set of policies and beliefs, or B, fail to put it

...

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