Amid prolonged high inflation and economic turmoil, Argentina witnessed the victory of the economic libertarian candidate, Javier Milei, in the presidential election’s second round.
Competing against the nation’s former economy minister, Sergio Massa, Milei secured the presidency with 55 percent of the vote, based on unofficial results.
Throughout his campaign, Milei made notable promises, targeting populist social policies and blaming the country’s central bank for longstanding economic woes.
He announced plans to dissolve the Central Bank and transition Argentina to using the US dollar.
Following the election win of the libertarian candidate in Argentina, economist Shant Manukyan commented on his X (formerly Twitter) account, suggesting that the feasibility of this promise largely depends on external factors.
Will Bitcoin be accepted in Argentina?
The victory of Javier Milei, an opponent of central policy, in the elections in the South American country has created hope for crypto investors.
Bitcoin’s (BTC) It is not yet clear whether the new manager, who has similar promises to its operation, will accept cryptocurrencies.
While Milei did not promise about the legal status of Bitcoin during the election campaign, he praised BTC in a previous statement.
Argentina’s new president has commented that Bitcoin is “a return to the private sector, which was the original creator of money.”
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