Bitcoin-friendly Javier Milei wins Argentina presidential election

Argentina's Bitcoin (BTC)-friendly Javier Milei won the country’s statesmanlike run-off predetermination connected Nov. 19, beating retired his hostile Sergio Massa.

With astir 99% of the ballot counted, Milei won implicit 55% of the votes with a astir 3 cardinal ballot pb according to Bloomberg data.

Massa, the country’s curate of economy, called Milei to congratulate him connected the triumph aft much than 90% of the votes were counted — earlier the announcement of the archetypal authoritative results. Milei volition instrumentality bureau connected December 10.

With astir 100% of the ballot counted, Milei had an implicit 10 percent constituent pb connected Massa. Source: Bloomberg

Argentina's long-lasting ostentation situation has been a heated taxable successful the South American country, with the Argentine peso signaling implicit a 140% summation successful yearly inflation successful the past 12 months.

Milei has been vocal astir his criticisms toward the country’s cardinal bank, referring to it arsenic a scam and a “mechanism by which politicians cheat the bully radical with inflationary tax.”

He’s referred to Bitcoin arsenic a question toward “the instrumentality of wealth to its archetypal creator, the backstage sector.”

Related: Bitcoin terms hits all-time highs crossed Argentina, Nigeria and Turkey

However, helium has not signaled immoderate volition to marque Bitcoin ineligible tender successful the country.

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Massa’s views connected the money, banking and cryptocurrency manufacture look to beryllium polar other to Milei.

In October, helium pledged to motorboat a cardinal slope integer currency (CBDC) if elected to “solve” Argentina’s long-lasting ostentation crisis.

Massa won the archetypal round of Argentina’s statesmanlike predetermination successful October. However, it wasn’t capable to triumph the presidency outright, triggering the last run-off vote.

Prior to that, Milei won Argentina’s superior election against Messi and different candidates successful August.

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