Now he is "a staunch supporter of Bitcoin"... Next month the bitcoin press will be calling him "Possibly Satoshi Nakamoto", at this rate.

Milei has only tangentially mentioned bitcoin to say, indeed, that it represents a return of money creation (in the sense of determining what is money and what isn't) to private hands, as it was historically and must be functionally. That's all. His plans do not include to make BTC legal tender or even to put it in the reserves. We could expect a liberalization of the anti-crypto laws currently in place, but let's see what the IMF has to say about that.

Incidentally, Milei isn't proposing to switch from the peso to the USD either. He never has. What he has always said, with very precise and careful language, is that the ability of the Central Bank to print pesos as a means to monetize the government's debt, caused by unbridled politically motivated government expenditure, is a huge moral hazard and risk that he can't see a way out of due to Argentina's political and social history, other than by shutting the Central Bank down. Paired to that, after solving or at least getting under control the short term problem debt that is choking Argentina, through a program of expenditure cuts and budget balancing, he will allow citizens to choose what currency they freely want to use. Bank deposits will be in USD. The assumption is that the public will naturally choose to operate in USD. Given that the Central Bank will not be able to print any more pesos either, it is thought that the peso will simply phase out by natural means. nostr:note1r94hlmr5nasufrptlv5p0wl04psumnunwtw7vgxesnjy7vvyf3ysxja8zv