A Look at the Impact of President Milei on Bitcoin in Argentina
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– Advertisement – Right-wing libertarian Javier Milei, who pledged to “destroy inflation” and intervene in the state with a chainsaw, has been elected as the president of Argentina. Milei’s supporters define him as an economic visionary ready to pull Argentina out of one of the worst economic crises in decades. Milei has previously expressed support for Bitcoin, stating that it represents a “return to the original creator of money and the private sector.” Argentina’s liberal and Bitcoin-supportive presidential candidate Javier Milei has won the elections in the second round: What happened in the Argentine election? Here are the details! Javier Milei Elected President of Argentina Today Right-wing libertarian Javier Milei, who pledged to “destroy inflation” and intervene in the state with a chainsaw, has been elected as the president of Argentina, potentially leading South America’s second-largest economy into an unpredictable and potentially turbulent future. With almost 90% of the votes counted, Milei, often compared to Donald Trump, known for his imitation of Mick Jagger, a television celebrity, and politician, secured victory with 56% of the votes against his rival Massa’s 44.1%. Sergio Massa, Milei’s opponent and the center-left finance minister, accepted defeat in a press conference held on Sunday night. Massa, saying, “Argentinians chose another path,” congratulated Milei on his victory and announced his withdrawal from frontline politics. In his words: “These are clearly not the results we hoped for, and I have congratulated Javier Milei on his victory because he is the president elected by the majority of Argentinians for the next four years.” Milei’s supporters, celebrating his victory, describe him as an economic visionary ready to pull Argentina out of one of the worst economic crises in decades. As demonstrated during his campaign, Milei, who will take office on December 10, promised to eliminate the central bank and…
Filed under: News - @ November 20, 2023 12:00 am