Bitcoin

Massa

Argentina’s presidential run-off election on November 19th witnessed a victory for Bitcoin-friendly candidate Javier Milei, who triumphed over his opponent Sergio Massa. 
Milei secured over 55% of the votes, amassing a nearly 3-million-vote lead with almost 99% of the ballots counted, as per Bloomberg data. 
In a show of sportsmanship, Massa, the incumbent minister of the economy, graciously congratulated Milei on his victory when more than 90% of the votes had been tallied, even before the official results were announced. Milei is set to assume office on December 10. 
The central issue gripping Argentina throughout the election was its persistent inflation crisis, with the Argentine peso witnessing a staggering 140% annual inflation increase in the past year. 
Milei has been a vocal critic of the country’s central bank, labeling it a “scam” and accusing politicians of using it to impose an “inflationary tax” on the populace. 
READ MORE: <a href="https://www.cryptointelligence.co.uk/openai-founder-sam-altman-ousted-as-turmoil-escalates-triggering-wave-of-resignations/">OpenAI Founder Sam Altman Ousted as Turmoil Escalates, Triggering Wave of Resignations</a> 
He has also endorsed Bitcoin as a move toward “returning money to its original creator, the private sector.” 
Nevertheless, Milei has not indicated any immediate plans to make Bitcoin legal tender in the country. 
In stark contrast, Massa holds opposing views on money, banking, and cryptocurrencies. 
In October, he pledged to introduce a central bank digital currency (CBDC) if elected, with the aim of addressing Argentina’s persistent inflation crisis. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full is-resized">
 <a href="https://imperium-comms.com/crypto-promo/"><img loading="lazy" decoding="async" width="336" height="280" src="https://cryptointelligence.b-cdn.net/wp-content/uploads/2023/11/imperium_comms_336x280.png" alt="" class="wp-image-8665" srcset="https://cryptointelligence.b-cdn.net/wp-content/uploads/2023/11/imperium_comms_336x280.png 336w, https://cryptointelligence.b-cdn.net/wp-content/uploads/2023/11/imperium_comms_336x280-300x250.png 300w" sizes="(max-width: 336px) 100vw, 336px"></a>
 </figure>
</div> 
While Massa emerged victorious in the initial round of the presidential election in October, his success was insufficient to secure the presidency outright, leading to the final run-off vote. 
Javier Milei’s triumph signifies a significant shift in Argentina’s political landscape, with a leader who is outspokenly supportive of Bitcoin and skeptical of traditional banking institutions set to take the reins. 
As the country grapples with its inflation woes and economic challenges, the world will be watching to see how Milei’s presidency unfolds and whether any changes in financial policy will accompany his tenure. 
<a href="https://www.cryptointelligence.co.uk/crypto-intelligence-blockchain-council/">Discover the Crypto Intelligence Blockchain Council</a>

Bitcoin-Friendly Candidate Wins Presidential Election

Crypto Intelligence

Other articles published on Nov 20, 2023

Metacade announces integration of Shockwaves game in partnership with Shockwaves AI

Crypto Analyst Pizzino Believes Bitcoin (BTC) Indicators Are More Telling Than Media FUD – But Th...

Will ORDI Spark NFT Resurgence, Shape The Future Of Bitcoin Ordinals NFTs?

When is the Best Time to Buy Crypto? John Deaton Says Before the FOMO

5 Cryptos That Are Bracing for Explosive Growth in 2024

How MATIC reacted to Polygon’s surging network activity

Join our free newsletter for daily crypto updates!