Argentina’s Bitcoin (BTC)-friendly Javier Milei defeated his opponent Sergio Massa to win the second round of the country’s presidential election on November 19.
According to Bloomberg, with nearly 99% of the votes counted, Milay won more than 55% of the votes, leading by nearly 3 million votes. data.
Before the first official results were announced, with more than 90% of the votes counted, the country’s Economy Minister Massa called Milley to congratulate him on his victory. Mire will take office on December 10.
Argentina’s long-term inflation crisis has been a hot topic in the South American country, with annual inflation in the Argentine peso increasing by more than 140% in the past 12 months.
Mire has been an outspoken critic of the country’s central bank, calling it a scam and “a mechanism for politicians to deceive good people with an inflation tax.”
He called Bitcoin a movement that “returns money to its original creators, the private sector.”
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However, he has not expressed any intention to make Bitcoin legal tender in the country.
Long live fucking freedom pic.twitter.com/WzzzZaTcsz
— Javier Milei (@JMilei) November 19, 2023
Massa’s views on money, banking and the cryptocurrency industry appear to be diametrically opposed to Mire’s.
In October, he promised to launch a central bank digital currency (CBDC) to “solve” Argentina’s long-standing inflation crisis if elected.
Massa won the first round of Argentina’s presidential election in October. However, this was not enough to win the presidency outright, triggering a final runoff vote.
Previously, Milai won the Argentine primary in August, defeating Messi and other candidates.
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