Hoskinson: Milei "Duped" in Libra Meme Coin Debacle?

Crypto界大佬 Charles Hoskinson, the mind behind Cardano, is throwing shade on the recent Libra meme coin drama in Argentina. He's suggesting that President Javier Milei might have been played like a fiddle by his own advisors!

According to Hoskinson, these advisors probably pitched Libra to Milei as the next big thing, maybe even comparing it to successful political meme coins like Official Trump (TRUMP). Sounds legit, right? Wrong! Hoskinson suspects a classic pump-and-dump scheme. These insiders allegedly cashed out at the top, leaving President Milei holding the bag – and a massive scandal.

Quick Recap: Last week, when President Milei gave a shout-out to the LIBRA token, it went parabolic! Market cap soared to a crazy $4.5 billion. But then, BAM! The rug got pulled. Libra crashed by 95%, wiping out tons of investors. Turns out, there were rumblings of $107 million in insider withdrawals. Milei quickly backpedaled on his endorsement, but the damage was done.

Hoskinson didn't hold back in his latest YouTube video:

“I think there are some people in that inner circle surrounding Milei himself who took advantage of his lack of knowledge of our industry,” Hoskinson stated bluntly.

Argentina's Crypto Dreams Derailed?

But it's not just about the meme coin chaos. Hoskinson points out that Argentina has HUGE potential for blockchain tech. Think about it:

• Secure Voting Systems: No more dodgy ballot boxes!
• Transparent Government Budgets: Track where your tax pesos are really going.
• Efficient Supply Chains: From farm to table, blockchain can streamline everything.
• Digital Identity Systems: Say goodbye to paperwork nightmares!

However, the Libra fiasco has seriously tarnished blockchain's image in Argentina. It's creating a "crypto is scam" vibe, making it much harder to get real blockchain adoption off the ground in the country. Talk about a setback!