Liberty

Bitcoin

Million

Change

In a significant political development, an Argentine politician advocating for Bitcoin adoption and the dismantling of the central bank has surged ahead in the country’s presidential open primary elections. 
 With more than 90% of the votes counted, Javier Milei, a prominent libertarian with pro-Bitcoin sentiments, has taken the lead with an impressive nearly 32% of the votes. 
This places him ahead of the conservative Together for Change party, which has secured just under 30% of the votes, according to data from Bloomberg. 
The Union for the Homeland coalition, representing the incumbent government, stands at the third position with slightly over 28.5% of the total votes. 
Milei, a central figure in the Liberty Advances coalition (La Libertad Avanza), has been associated with views that span from libertarian to far-right ideologies. 
Milei, who identifies as an anarcho-capitalist, has been a vocal proponent of abolishing Argentina’s central bank, labeling it a fraudulent institution. 
He has also controversially stated that the trading of human organs should be treated as a regular market transaction. 
He attributes the rise of Bitcoin to a response against what he terms “central bank scammers.” 
READ MORE: <a href="https://www.cryptointelligence.co.uk/hackers-tether-address-blacklisted-with-police-and-cyber-support-stolen-crypto-recovery-progresses/" rel="noopener noreferrer nofollow">Hacker’s Tether Address Blacklisted with Police and Cyber Support, Stolen Crypto Recovery Progresses</a> 
Furthermore, he argues that fiat currency enables politicians to exploit Argentinians through inflation, a message that has struck a chord with the country’s populace. 
The resonance of Milei’s rhetoric among voters is driven by Argentina’s staggering annual inflation rate of 116%, the highest in over 30 years. 
This dire economic situation has exacerbated the country’s ongoing cost of living crisis, making the call for alternative financial mechanisms like Bitcoin more appealing to a frustrated electorate. 
The culmination of this political landscape will be Argentina’s general presidential election scheduled for October 22nd. 
In the event that no candidate secures a minimum of 45% of the votes, a runoff election is slated for November. 
As the nation grapples with economic challenges and increasing public support for unconventional approaches, the upcoming election holds the potential for a significant shift in Argentina’s political trajectory. 
Other Stories: 
<a href="https://www.cryptointelligence.co.uk/former-ftx-ceo-sam-bankman-frieds-bail-revoked-over-witness-intimidation-allegations/" rel="noopener noreferrer nofollow">Former FTX CEO Sam Bankman-Fried’s Bail Revoked Over Witness Intimidation Allegations</a> 
<a href="https://www.cryptointelligence.co.uk/curve-finance-vows-reimbursement-after-62-million-hack/" rel="noopener noreferrer nofollow">Curve Finance Vows Reimbursement After $62 Million Hack</a> 
<a href="https://www.cryptointelligence.co.uk/visa-trials-innovative-off-chain-gas-fee-payment-solution-potentially-redefining-crypto-transactions/" rel="noopener noreferrer nofollow">Visa Trials Innovative Off-Chain Gas Fee Payment Solution, Potentially Redefining Crypto Transactions</a>

Pro-Bitcoin Politician Surges Ahead in Argentine Presidential Primaries

Crypto Intelligence

Other articles published on Aug 16, 2023

Shiba Inu (SHIB): New and Exciting Surprises Await

McDonald’s Singapore Launches 2000 Grimace Digital Collectibles

Litecoin Price Prediction: Is LTC Forming a Bearish Trend?

XRP Army Discusses PayPal Listing Prospects: Details

BNB Chain's Layer2 opBNB Opens Mainnet to Infrastructure Providers

Stellar (XLM) Foundation Announces MoneyGram Investment

Join our free newsletter for daily crypto updates!