– Javier Milei, a Bitcoin-friendly candidate, won over 55% of the votes in Argentina’s presidential run-off election.
– With almost 99% of the vote counted, Milei had a nearly 3 million vote lead over his opponent Sergio Massa.
– Milei’s victory comes amidst Argentina’s long-lasting inflation crisis, with the Argentine peso experiencing a 140% increase in annual inflation in the last 12 months.
– Milei has been critical of the country’s central bank and sees Bitcoin as a movement towards returning money to the private sector.
– Massa, on the other hand, pledged to launch a central bank digital currency (CBDC) to address the inflation crisis if elected.
– Milei will take office on December 10 and has not indicated any intention to make Bitcoin legal tender in the country.
