World

Bitcoin

Read

<ul> 
 <li>Pro-Bitcoin candidate Javier Milei unexpectedly leads preliminary presidential voting.</li> 
 <li>Milei advocates for central bank elimination and Bitcoin’s role in the private sector.</li> 
 <li>His surprising lead sets stage for a possible crypto positive Argentina.</li> 
</ul> 
<p>In a surprising twist, Javier Milei, the libertarian candidate known for his pro-Bitcoin stance, has taken the lead in Argentina’s primary presidential election, or <a href="https://elcomercio.pe/mundo/latinoamerica/paso-2023-en-vivo-elecciones-en-argentina-hoy-domingo-13-de-agosto-quien-gano-las-paso-quien-gano-las-elecciones-en-argentina-2023-resultados-y-ultima-hora-de-las-elecciones-primarias-patricia-bullrich-juan-grabois-horacio-rodriguez-larreta-javier-milei-sergio-massa-alberto-fernandez-cristina-kirchner-peronismo-ultraderecha-noticia/" rel="noopener noreferrer nofollow">PASO</a>. Despite pre-election polls projecting Milei to secure no more than a third-place finish, he has emerged as the front-runner. He holds 30.73% of the votes with 84% of ballots counted.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="es" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;">ÚLTIMO<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1e6-1f1f7.png" alt="🇦🇷" class="wp-smiley" style="height: 1em; max-height: 1em;">El candidato presidencial argentino Javier Milei, PRO- <a href="https://twitter.com/hashtag/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BITCOIN</a>, fue el MÁS VOTADO de las elecciones PASO del país. <a href="https://t.co/ZCCK21Kjie" rel="noopener noreferrer nofollow">pic.twitter.com/ZCCK21Kjie</a></p>— Tech Con Catalina (@Techconcatalina) <a href="https://twitter.com/Techconcatalina/status/1690925959279521792?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 14, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>In detail, Milei, representing the “La Libertad Avanza” (Freedom Advances) party, has outpaced candidates from “Juntos por el Cambio” (Together for Change) and “Unidos por la Patria” (United for the Homeland), who garnered 28.14% and 26.84% of the votes, respectively.</p> 
<p>Specifically, Milei is popular for his vocal criticism of the central bank and his favorable stance towards Bitcoin. Thus, Milei’s unexpected lead underscores the growing influence of cryptocurrency-related policies in the political landscape.&nbsp;</p> 
<p>In fact, he has characterized the central bank as a tool for politicians to impose an inflationary tax on citizens, and he sees Bitcoin as a way to restore money to its original private sector creators.</p> 
<p>However, Milei’s enthusiasm for cryptocurrency does not extend to making Bitcoin legal tender in Argentina, in contrast to <a href="https://cryptonewsland.com/el-salvador-btc-legal-tender-is-optional-locals-get-30-btc/" rel="noopener noreferrer nofollow">El Salvador’s approach</a>. Instead, he has advocated for the “dollarization” of the economy as a response to the nation’s triple-digit inflation rate.</p> 
<p>As no candidate is projected to secure more than 45% of the vote in the PASO election, a general election featuring the top candidate from each party is scheduled for October. Should no candidate reach the 45% threshold in that election, a final runoff vote is slated for November.</p> 
<p>This unexpected sway shows a potential shift in Argentina’s political landscape. Perhaps <a href="https://cryptonewsland.com/stablecoins-lead-in-argentinas-crypto-purchase-race/" rel="noopener noreferrer nofollow">cryptocurrency-related policies</a> and economic approaches will gain more prominence. The coming months leading up to the general election will determine whether Milei’s libertarian and pro-Bitcoin perspectives can translate into a broader shift in the nation’s policies and governance.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/pro-bitcoin-vs-anti-bitcoin-divides-us-presidential-candidates/" rel="noopener noreferrer nofollow">Pro-Bitcoin vs Anti-Bitcoin Divides US Presidential Candidates</a></li> 
 <li><a href="https://cryptonewsland.com/xrp-win-reflects-on-us-presidential-election-pro-bitcoin-takes-lead/" rel="noopener noreferrer nofollow">XRP Win Reflects on US Presidential Election, Pro Bitcoin Takes Lead</a></li> 
 <li><a href="https://cryptonewsland.com/stablecoins-lead-in-argentinas-crypto-purchase-race/" rel="noopener noreferrer nofollow">Stablecoins Lead in Argentina’s Crypto Purchase Race</a></li> 
 <li><a href="https://cryptonewsland.com/uniswaps-shocking-zkevm-launch-ignites-crypto-world/" rel="noopener noreferrer nofollow">Uniswap’s Shocking zkEVM Launch Ignites Crypto World</a></li> 
 <li><a href="https://cryptonewsland.com/democrats-fear-pro-bitcoin-robert-kennedy-jr-may-win-presidential-race/" rel="noopener noreferrer nofollow">Democrats Fear Pro-Bitcoin Robert Kennedy Jr. May Win Presidential Race</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/pro-bitcoin-candidate-javier-milei-leads-preliminary-presidential-voting-in-argentina/">Pro-Bitcoin Candidate Javier Milei Leads Preliminary Presidential Voting in Argentina</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Pro-Bitcoin Candidate Javier Milei Leads Preliminary Presidential Voting in Argentina

Crypto News Land

Other articles published on Aug 14, 2023

China’s Bitmain Makes Plans to Unveil World’s First 1XJ/T Bitcoin Miner

Bitcoin Frontier Fund launches accelerator program for Ordinals startups

Bitcoin to Reach $161,000 Before Halving, Predicts Top Crypto Analyst – Here’s the Timeline

THORChain (RUNE) gains 48% in one week

BLZ price jumps amid high derivatives trading activity

Shibarium Launch Countdown: Major Exchange Teases SHIB Token Listing

Join our free newsletter for daily crypto updates!