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– Advertisement – As expected, after Bitcoin supporter candidate Javier Milei was elected as the new president of Argentina, the price of Bitcoin hit $37,000. Ray Dalio’s warning about the critical level of the US’s $33.7 trillion debt pile strengthened the “bull case for Bitcoin.” Milei is a vocal advocate for Bitcoin, known for his radical thoughts on eliminating the country’s central bank, and has openly recommended Bitcoin. The elections in Argentina are changing the atmosphere in the crypto world: How can Argentina take steps regarding Bitcoin? Plans of Milei! What Will Argentina’s Bitcoin Policy Be? The much-discussed event in Argentina has now become a reality; they now have a president who supports Bitcoin. So, can we expect a wild surge in Bitcoin prices? Analysts are expecting to see above $40,000 soon. As expected, after Bitcoin supporter candidate Javier Milei was elected as the new president of Argentina, the price of Bitcoin hit $37,000. When 87% of the votes were counted, Milei held 56% against Sergio Massa’s 44%. However, in the coming days, discover what awaits Bitcoin in economically balanced Argentina. The price of Bitcoin rose to $37,000 according to the data, doubling within the last year due to market volatility stemming from the US’s situation with Bitcoin. Ray Dalio’s warning about the critical level of the US’s $33.7 trillion debt pile strengthened the “bull case for Bitcoin.” The recent victory of XRP seems to indicate the beginning of a regulated era for crypto assets in the US. However, analysts attribute this increase largely to the Argentina election and specifically highlight Javier Milei’s impressive victory. Milei is a vocal advocate for Bitcoin, known for his radical thoughts on eliminating the country’s central bank. While he has long been bullish on Bitcoin, many are questioning his post-victory stance on Bitcoin as…

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Filed under: News - @ November 20, 2023 8:18 pm