Javier Milei and Nayib Bukele spoke about freedom in El Salvador

President Javier Milei participated in his first meeting with Nayib Bukele last weekend during the inauguration ceremony of his counterpart from El Salvador. In the conversation between the two there was a particular expectation, because they are two new leaders in Latin America with ideas in common, among them, their favorable position on Bitcoin (BTC) and the deregulation of the economy.

Like other leaders, the Argentine leader met privately at the Presidential House with Bukele, who received him in his office after the Investiture Ceremony. Accompanied by Karina, his sister and his right-hand woman in the Government, Milei warmly greeted his Salvadoran colleague.

«What a pleasure to meet you in person. “What is it like to be re-elected?” was the start between Milei and the Salvadoran president, which could be seen through a video shared by the presidential spokesperson, Manuel Adorni, on social networks.

Bukele told Milei that re-election is “necessary” to continue with the changes in the Central American country. «There is not enough time, much less for deep reforms. When the fruits begin to be seen, the mandate ends. And you need to be able to manage those fruits,” she said.

In an eight-minute sequence, Milei replied that in Argentina she is also “rowing” with these types of problems, such as legislative reforms that are being debated in Congress, or the decline in inflation of the basic products of the economy. But they also had a brief exchange on underlying ideological and political issues, such as the notion of “freedom.”

«We notice that from the outside they perceive it better. The message of freedom is coming strong. “We are on the right path,” Milei highlighted.

On this point, the Argentine representative of the group “La Libertad Avanza” pointed out that any type of change or reform requires “sustainability over time” and for it to be feasible it must be “people embrace the ideas of freedom, When they come from below, there is no way to stop it.”

“One knows that the logic of the conventional politician, which is not our case, is that of a vote-getter. When people ask for the ideas of freedom, even professional politicians, who are dedicated to telling people what they want to hear, are going to have to go to those ideas. That is the most important achievement.”

Javier Milei, president of Argentina.

Bukele agreed with the observations of his Argentine counterpart, and assured that the current political moment is “a new time,” in which The population does not believe that the politician can give them their well-being. And he gave as an example when during the campaign he proposed “we are going to lower taxes and raise the minimum wage by $10,000.”

“And why not USD 100,000?” Bukele asked himself, ironically. “People no longer believe those stories. And that is because of figures like you who, before being president, have managed to place more information,” he added.

“The people have their experience of family, real life and their business. He says: ‘Nobody gives me anything in the business, I have to work. If I work more, I earn more. So the people are not dominated by the political elite or ‘the caste’, as you say. That is the reason why people like you become president of a country like Argentina. Because they are no longer the same people.”

Nayib Bukele, president of El Salvador.

Two strategies, freedom and always bitcoin

The leader of La Libertad Avanza was one of the foreign heads of state who attended the event held at the National Palace, located in the city of San Salvador. The Argentine presents a political model with some similarities to the Salvadoran one in relation to cryptocurrencies, although there are some differences.

While El Salvador is the first country where bitcoin is legal tender, Argentina still avoided taking steps in that direction, even when the libertarian leader promised in his electoral campaign to advance with measures that would favor the adoption of cryptocurrencies.

Specifically, what Javier Milei proposed is to advance a de facto dollarization of the economy, based on the legalization of a free market with currency competition. This is a scheme with little intervention from the Central Bank, where it is the public who defines what currency to transact in.

In this hypothetical scenario, what would happen is that the dollar or other units of value more reliable than the Argentine peso (including bitcoin), would end up prevailing among the public’s preferences.

The libertarian president defends the ideas of the Austrian school, which at some point they are similar to those of the bitcoin philosophy.

Both proposals, both Milei’s and Bukele’s, defend the existence of monetary systems without major intervention, where prices are determined according to the parameters of supply and demand. The final intention is for the adoption of bitcoin to gain momentum, without interventionism.

However, since his administration began, the Milei government implemented economic measures with a tinge of continuity, which strengthen control over local cryptoactive operations.

As reported by CriptoNoticias, users of bitcoin and other cryptocurrencies expressed their unrest over the regulation of various regulations They reach companies and individuals that own digital assets.

The rules imposed in recent months reached the registration of bitcoin exchanges in Argentina, which remained under the regulation of the Financial Action Task Force (FATF) and the International Monetary Fund (IMF). The Argentine president prioritized agreements with international organizations, faced with an economy in crisis in need of help and international reserves.

Bukele obtained his re-election based on the ideas of economic freedom with bitcoin, along with measures to combat insecurity and violence that were criticized by international human rights organizations. Analysts dubbed his strategy “bitcoin plus a heavy hand.”

In principle, differences over cryptocurrency intervention could begin to narrow in the future. Weeks ago, officials from El Salvador and Argentina shared experiences on regulations to promote the adoption of bitcoin. The intention is there, but no concrete progress has yet been made for the Argentine market.