Milei’s Memecoin Scandal Explained

Over the weekend, Javier Milei was embroiled in a crypto scandal after endorsing a memecoin that saw insiders cash out massively while investors were left empty handed. So in this video, we'll explain what happened and what might happen next for Milei.

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Sources:

00:00 Introduction
01:06 What Happened?
05:42 What Happens Next?
07:49 Ground News (Sponsor)

[expelleddux]

The only thing dumber than promoting a meme coin is buying one.

[lyndalepowell]

bro gave his supporters the logan paul experience:

[ggwp]

if I had a dollar every time a world leader did a crypto scam I'd have 2 dollars which is 2 extra dollars than it should be

[IulianYT]

I am not "crypto bro". But just recently we had - strump, smelania, hawk tuah, libra, adam 22 and so on so forth. The question is - when will we, as a grown up society stop calling shitcoins with different names, like "memecoin", and return to the original name - shitcoin?

[asifuzzaman]

"watch this, liberals"
*Pulls off a rug pull*

[SilverWave]

4:15 "Readers added context:
SCAM."
lol

[gdf_c]

1:29 - "Presidents don't usually spend their time promoting memecoins".

The good ones usually don't

[NishchalMalhotra]

You know the shit's real when Coffeezilla gets involved 💀💀💀

[SantinoIannuzzi]

The worst part came last night. Milei gave a recorded and edited interview to a close journalist to explain the situation. The full interview was leaked (we don't know how yet) and at one point you can see how his main advisor stops the interview to tell Milei he shouldn't say what he was saying because of legal concequences.

[eledorusso]

Why do people keep calling scams investments?

You wouldnt say "the people that investes in the pyramid scheme"

You would say "the people that fell for it"

[yusufandre]

Libertarians: taxation is crime!
People: how do you raise funds for the government then?
Milei:

[theuser]

When Milei blamed corrupt politicians for promoting a scam, he was projecting onto himself.

[MikelGoñi-eg]

They are calling him "Ponzi Pilate" now

[Gabriel-hybe]

In a true libertarian fashion, Milei proved that a politician doesn't even need the government to steal from the stupid.

[kims]

I mean he just followed Trump by also promoting a meme coin during his presidency 😂

[metalhead]

He's called Coffeezilla not Voidzilla, it's his second channel hence the different channel name

[sambrien]

It’s impressive that people are still falling for this shite.

[GrillerGT]

Why the hell people keep falling for these memecoin scams??

[rikstan]

I am like hysterically giggling at how cooked this world is for presidents to start having their own Hawk Tuah coin incidents, I just can't anymore man

[.huynhphathuy]

So this is how libertarians raise money without taxation