PANews reported on February 18 that Argentine President Milley said on a TV show, "I acted in good faith and was hit. The country did not lose money, and the Argentines lost at most four or five. The vast majority of investors are Chinese and Americans. I share this information, just like the hundreds of things I have shared. My tweet was sent three minutes after the currency was created because I am passionate about these things and understand it. These people are volatility traders and know what they are doing. It is false to say that 44,000 people were affected, only 5,000 at most. The possibility of involving Argentines is very small. These are people who are very professional in this financial instrument. Those who are involved are very aware of the risks they take - they are volatility traders. This is a private matter between individuals and they participated voluntarily.
I did not promote LIBRA, I just shared the LIBRA message. I did it because I am a committed tech optimist. Any initiative that improves access to funding for tech entrepreneurs is appealing to me. I made no mistakes because I acted with good intentions. But when I saw the consequences, I realized I had a lot to learn. I needed to understand that after becoming president, I continued to act the same way. Unfortunately, this situation made me realize that I needed to raise my standards and stop being so accessible.”
