Bitcoin-friendly Javier Milei wins Argentina presidential election
Milei won over 55% of the votes with 99% of the votes counted in the run-off presidential election.
Argentina's Bitcoin-friendly Javier Milei won the country’s presidential run-off election on Nov. 19, beating out his opponent Sergio Massa.
With almost 99% of the vote counted, Milei won over 55% of the votes with a nearly 3 million vote lead according to Bloomberg data.
Massa, the country’s 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 December 10.
Argentina's long-lasting inflation crisis has been a heated topic in the South American country, with the Argentine peso recording over a 140% increase in annual inflation in the last 12 months.
Milei has been vocal about his criticisms toward the country’s central bank, referring to it as a scam and a “mechanism by which politicians cheat the good people with inflationary tax.”
He’s referred to Bitcoin as a movement toward “the return of money to its original creator, the private sector.”
