In a historic moment for Argentina and the crypto community, the country has elected its first-ever pro-Bitcoin President. Javier Milei, a right-wing libertarian and Bitcoin advocate, secured a significant victory in the presidential election, winning almost 56% of the votes. Milei’s victory marks the beginning of a new era in Argentina, as he aims to address the country’s inflationary problems by abolishing the Central Bank and embracing digital currencies like Bitcoin. In his victory speech, Milei expressed his commitment to the economic recovery of Argentina and his intention to work with other nations to build a better world. Former US President Donald Trump congratulated Milei on his victory and expressed his anticipation for Argentina’s restoration under his leadership. Following the news of Milei’s win, the price of Bitcoin has surged, trading above $37,000. Milei’s policy plans include discontinuing the use of the Argentinian peso and adopting the US Dollar as the country’s main currency. He has also considered making Bitcoin a legal tender and launching a Central Bank Digital Currency. These proposals aim to combat inflation and could potentially drive economic growth in the crypto industry.

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Information	Details
Geography	South America
Countries	🇦🇷 🇺🇸
Sentiment	positive
Relevance Score	1
People	Donald Trump, Javier Milei, Sergio Massa
Companies	None
Currencies	United, Bitcoin
Securities	None