Ethereum co-creator Vitalik Buterin took to social media to address Argentina’s economic situation.
In a tweet published in X, the computer scientist speak of the stability that has been achieved in recent months the Argentine peso against the dollar.
“ARS/USD is at exactly the same level as a year ago,” he commented, calling it “an impressive turnaround for a currency that seemed headed toward unstoppable hyperinflation.”
He referred to the fact that inflation in the month of November stood at 2.4%, consolidating a trend of slowdown in prices to the consumer as indicated by data from the National Institute of Statistics and Censuses (INDEC).
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This is the lowest monthly index since July 2020. A result that is in line with the expectations of President Javier Milei, who highlighted the progress of the economy in a speech on the occasion of his first year in office, also promising the implementation of free currency competition in 2025.
As part of his argument, Buterin shared a graph that shows the price of the local currency against the dollar, thus highlighting the way in which its price has stabilized and inflation has gone down throughout 2024.
The graph shows how the exchange rate remained without significant variations in recent months, contrasting with the volatility that occurred at the beginning of the year.
Buterin shared a graph showing the stabilization of the parity of the Argentine peso against the dollar since August 2024. Source: X.
In this way, Vitalik Buterin’s comment is inserted into the debate on the economic policies implemented by the Milei governmentwhich included a deep fiscal adjustment and rigorous control over international reserves, in addition to the application of a “zero emission” plan.
This is not the first time that the co-founder of Ethereum has spoken about the situation in Argentina, a country he usually goes to during the holidays since your first visit in 2021. At the end of last year I had spoken with Argentine computer scientists about the role the economy was playing in Milei’s planswho at that time had just become president.
As CriptoNoticias reported, on that date the fact that the new president focused on the economic situation stood out. “Something that many current politicians do not do,” he said.
“It is something very different from what happens in the United States, where it feels that politics has forgotten about the economy and what matters to people,” he added, questioning Joe Biden’s government.
He thus criticized the fact that the economy is regulated by the States, and the tendency of rulers to “be irresponsible” with the printing of money. Hence it supports the idea that there is more economic freedomas Milei proposes.
Prior to that, he had drawn attention about the inflation problem that many people suffer from in several countries in the world, including Argentina. This, during your online participation in the conference ETHLatam which took place in Buenos Aires in August 2022.
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