Milei won over 55% of the votes, with 99% of the votes counted in the run-off presidential election. 6496 Total views 28 Total shares Listen to article 0:00 News Join us on social networksArgentinas Bitcoin (BTC)-friendly Javier Milei won the countrys presidential run-off election on Nov. 19, beating out his opponent Sergio Massa.
With almost 99% of the votes counted, Milei won over 55% of the votes, giving him a nearly 3-million-vote lead, according to Bloomberg data.
Massa, the countrys minister of economy, called Milei to congratulate him on the victory after more than 90% of the votes were counted before the announcement of the first official results. Milei will take office on Dec. 10.With nearly 100% of the votes counted, Milei had an over-10-percentage-point lead over Massa. Source: Bloomberg
Argentinas long-lasting inflation crisis has been a heated topic in the South American country, with the Argentine peso recording a 140% increase in annual inflation in the last 12 months.
Milei has been vocal about his criticisms toward the countrys central bank, referring to it as a scam and a mechanism by which politicians cheat the good people with inflationary tax.
Hes referred to Bitcoin as a movement toward the return of money to its original creator, the private sector.
Related: Bitcoin price hits all-time highs across Argentina, Nigeria and Turkey
However, he has not signaled any intention to make Bitcoin legal tender in the country.
VIVA LA LIBERTAD CARAJO pic.twitter.com/WzzzZaTcsz Javier Milei (@JMilei) November 19, 2023
Massas views on the money, banking and cryptocurrency industries appear to be polar opposite to Mileis.
In October, he pledged to launch a central bank digital currency (CBDC) if elected to solve Argentinas long-lasting inflation crisis.
Massawon the first round of Argentinas presidential election in October. However, it wasnt enough to win the presidency outright, triggering the final run-off vote.
Prior to that, Mileiwon Argentinas primary election against Massa and other candidates in August.
Magazine:Unstablecoins: Depegging, bank runs and other risks loom # Bitcoin # Argentina # Business # Central Bank # Elections # CBDC
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