Bitcoiners Mock U.S. Treasury’s $20B Peso Move

The United States Treasury’s decision to buy $20 billion worth of Argentine pesos has drawn sharp criticism from bitcoin (BTC) supporters. They argue that Washington is clinging to traditional financial systems instead of exploring digital alternatives like BTC.

The announcement, which followed four days of meetings between U.S. Treasury officials and Argentina’s Finance Minister, Luis Caputo, outlined measures to address Argentina’s financial challenges. Treasury officials said the country faces “a moment of acute illiquidity.” They also confirmed a direct peso purchase and a currency swap deal with Argentina’s central bank.

U.S. Moves to Stabilize Markets

According to the Treasury, the plan is meant to stabilize Argentina’s markets and back its fiscal reforms. The agency added that the initiative reflects President Donald Trump’s “America First” economic policy, which aims to strengthen ties with pro-market allies.

Officials praised Argentina’s progress under President Javier Milei, noting his focus on fiscal discipline and private sector development. They also stated that the U.S. is ready to take “exceptional measures” to maintain market stability and described Argentina’s exchange rate policy as “fit for purpose.”

While U.S. officials framed the move as economic support for an ally, bitcoin advocates viewed it differently. For instance, crypto commentator Quinten Francois noted on X that the U.S. Treasury’s decision to buy Argentine pesos instead of BTC shows how early the digital asset still is in mainstream adoption.

The U.S. Treasury just bought $20B of Argentine pesos instead of buying Bitcoin.

You are still early. https://t.co/9wpXj86Omo

— Quinten | 048.eth (@QuintenFrancois) October 10, 2025

Bitcoiners Mock U.S. Peso Deal

The commentator’s post quickly spread across social media, triggering strong responses from BTC advocates. One user said,

“They’ll learn the hard way,” while another commented, “Moves like this make Bitcoin conviction even stronger. The world hasn’t caught up yet.”

Several others echoed similar views, claiming governments have continued to defend fiat currencies while a decentralized system grows in the background.

“They’re still playing the old game while the new system’s already being built,” one user remarked.

While critics pushed for a digital alternative, the Treasury maintained its focus on supporting Argentina’s reform program. It reaffirmed the country’s stability as “of systemic importance,” noting that Presidents Trump and Milei are set to meet on October 14 to discuss further cooperation.

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