With all votes tallied, Milei received more than 55% of votes in the run-off presidential election. The BTC friendly beat out Sergio Massa.
November 19 saw the victory of Argentine presidential run-off candidate Javier Milei, who supported Bitcoin, over opponent Sergio Massa. Bloomberg data indicates that Milei won more than 55% of the vote with a nearly 3 million-vote lead after nearly 99% was counted.
Massa, the nation’s economy minister, congratulated Milei on his triumph over the ballots, which had been tallied to over 90% before the official results were declared. The date Milei assumes office is December 10.
The enduring inflation crisis in Argentina has generated considerable debate within the South American nation, as the annual inflation rate of the Argentine peso has surpassed 140% over the past twelve months.
Milei has consistently expressed his disapproval of the country’s central bank, labeling it a fraudulent enterprise and a “mechanism through which politicians defraud the good people with inflationary tax.” A movement toward “the return of money to its original creator, the private sector,” he has described Bitcoin as.
Nevertheless, he has refrained from indicating any inclination to legitimize Bitcoin within the nation. Regarding the money, banking, and cryptocurrency industries, Massa’s perspective seems opposed to Milei’s.
VIVA LA LIBERTAD CARAJO pic.twitter.com/WzzzZaTcsz— Javier Milei (@JMilei) November 19, 2023
He pledged in October that, if elected, he would introduce a central bank digital currency (CBDC) to “solve” Argentina’s protracted inflation crisis. October marked Massa’s victory in the initial round of the Argentine presidential election.
Nevertheless, that failed to secure an unambiguous victory for the presidency, necessitating the final run-off vote. Before that, in August, Milei defeated Massa and other candidates to win the primary election in Argentina.