{"id":70983,"date":"2026-04-11T09:49:37","date_gmt":"2026-04-11T09:49:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/people-dont-want-it-economics-bitcoin-news\/"},"modified":"2026-04-11T09:49:37","modified_gmt":"2026-04-11T09:49:37","slug":"people-dont-want-it-economics-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/people-dont-want-it-economics-bitcoin-news\/","title":{"rendered":"&#8216;People Don&#8217;t Want It&#8217; \u2013 Economics Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li data-path-to-node=\"1,0,0\">Javier Milei admits his dollarization push stalled; citizens favor the peso, complicating future reforms.<\/li>\n<li data-path-to-node=\"1,1,0\">Milei\u2019s currency competition policy, allowing currencies like the dollar to be used, failed, leaving the peso as the default currency.<\/li>\n<li data-path-to-node=\"1,2,0\">After lifting currency restrictions, Scott Bessent and the U.S. intervened in October to stabilize the peso\u2019s value.<\/li>\n<\/ul>\n<h2>President Javier Milei Explains Why Argentina Has Not Adopted The Dollar Yet<\/h2>\n<p>President Javier Milei has explained why the process of dollarizing Argentina might be more complex than expected, as it has hit a solid roadblock.<\/p>\n<p>Milei, who campaigned and won the Argentine presidency on the promise of adopting the U.S. dollar as fiat currency, ending the Argentine peso, and disbanding the central bank, acknowledged a newfound obstacle to his plans.<\/p>\n<p><\/p>\n<p>During a recent TV <a href=\"https:\/\/www.youtube.com\/watch?v=f4iCk5T8MV4\" target=\"_blank\" rel=\"noopener noreferrer\">interview<\/a>, Milei highlighted that the main issue when dollarizing the country was the lack of adoption by Argentines, who have failed to embrace the greenback and continue to use the Argentine peso.<\/p>\n<p><strong>\u201cPeople don\u2019t want it,\u201d<\/strong> said Milei, referring to using the U.S. dollar instead of the Argentine peso. <strong>\u201cWe\u2019ve proposed endogenous dollarization. Endogenous. That is, if you want, you can make your transactions in dollars, and yet people don\u2019t. We\u2019ve enacted tax amnesty, and yet people don\u2019t take advantage of it,\u201d<\/strong> he stressed.<\/p>\n<p>Furthermore, Milei highlighted that, <strong>\u201cstrictly speaking, you can\u2019t force things on people.\u201d<\/strong> The remarks were criticized on social media, with some claiming that Milei had used dollarization as motivation to entice Argentines to vote for him, only to drop the promise later.<\/p>\n<p>In 2024, Milei stated that he would implement a system of currency competition, allowing Argentines to use their currency of choice, including <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a>, to conduct financial transactions.<\/p>\n<p>He also lifted currency controls partially, establishing a floating system that would allow the dollar to float within a fixed price band. However, this backfired, and Milei had to receive help from the Trump Administration to rein in the dollar exchange rate. \u201cArgentina is a beacon in Latin America. This isn\u2019t a bailout; it\u2019s buying low and selling high. The peso is undervalued,\u201d said U.S. Treasury Secretary Scott Bessent in October.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/milei-walks-back-on-dollarization-people-dont-want-it\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: Javier Milei admits his dollarization push stalled; citizens favor the peso, complicating future reforms. Milei\u2019s currency competition policy, allowing currencies like the dollar to be used, failed, leaving the peso as the default currency. After lifting currency restrictions, Scott Bessent and the U.S. intervened in October [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":70984,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/70983"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=70983"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/70983\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/70984"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=70983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=70983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=70983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}