In a landmark victory, Javier Milei has clinched the presidential seat in Argentina, signaling a potential seismic shift in the country’s economic landscape. Milei, known for his fervent endorsement of Bitcoin and scathing criticism of central banks, has brought a wave of optimism to the crypto market. After announcing his win, Bitcoin’s price saw an immediate uptick, up 2% to $37,302.
According to Reuters, Milei’s triumph in the elections is a nod to Argentina’s growing discontent with traditional financial institutions, which has been grappling with one of the world’s highest inflation rates. His outspoken stance against central banks, which he brands as a ‘scam,’ and his advocacy for returning financial power to the private sector through cryptos like Bitcoin resonated with a significant portion of the electorate.
The provisional results show Milei securing over 55% of the votes, a clear mandate from the Argentine public. His main rival, Sergio Massa, conceded the run-
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