Odaily News Argentine President Mille said on a TV show about the Libra incident: "I acted in good faith, but I suffered a blow. Did the country lose money? No. Did the Argentines lose money? Maybe four or five at most. The vast majority of investors are Chinese and Americans.
I shared Libra the same way I’ve shared hundreds of things. My tweet was three minutes after the token was created because I’m passionate about these things and I discovered it. These people are volatility traders and know what they’re doing.
Hayden Davis proposed creating a structure to provide funding to entrepreneurs who lack financing options due to informality. When Libra was made public, I helped spread the word.
The claim that 44,000 people were affected is wrong, it was only 5,000 at most. The likelihood that Argentinians were involved is very small. These are highly specialized individuals who use this financial instrument. Those who participated were well aware of the risks - they were volatility traders. This was a private matter between individuals and they participated voluntarily.
I didn’t promote it, I shared it. I did it because I’m a die-hard tech optimist. Any move that improves funding for tech entrepreneurs interests me. I didn’t make any mistakes because I meant well. But when I saw the political fallout, I realized I needed to learn something. I needed to understand that after becoming president, I continued to behave like Javier Millay the same way I did before. Unfortunately, this situation taught me that I need to improve my screening skills and not make myself so accessible.”