Why is Argentinian President Javier Milei facing calls for impeachment?

Javier Milei is facing impeachment calls after promoting a little-known cryptocurrency on social media platform X. Following his endorsement, the cryptocurrency's value initially soared before collapsing, resulting in billions of dollars in losses for investors who bought in based on his promotion. The severity of these calls is heightened by the significant financial impact on investors, leading to governmental scrutiny. While the analyst notes that impeachment calls are not unusual in Argentina's political landscape, the direct financial consequences of the president's social media activity have made this case particularly noteworthy.