According to The Kobeissi Letter, Javier Milei announced a new cryptocurrency at 5:01 PM ET, initially sparking speculation about its authenticity. This was confirmed to be a legitimate launch as several Argentinian politicians corroborated the news on social media.

According to Paul Grewal, politicians criticize cryptocurrency as 'rank speculation' targeting the vulnerable, highlighting the irony as these critiques often come from those issuing fiat currency. This statement implies a need for traders to consider the political landscape's influence on market sentiment and regulatory developments.

According to @CryptoMichNL, Wall Street and politicians are collectively embracing Bitcoin and the future of cryptocurrency as the U.S. economy faces significant challenges. This shift suggests that influential financial and political figures see Bitcoin as a viable solution to economic instability.