His name is Javier Milei. Known for his pro-bitcoin thoughts and opinions, the Argentinian politician now has all eyes on him. The ultra-liberal economist, an anti-system candidate, found himself ahead of his competitors in the presidential race. Will the future Argentinian president be a pro-bitcoin? If the whole crypto community is waiting for the second round of elections on October 22, the price charts are already expressing themselves. The Argentinian peso is strongly feeling the pressure. BTC is showing better performance than its own. Is the destiny of bitcoin in Argentina about to change? Answers.
Javier Milei, pro-bitcoin and potential future president of Argentina
Javier Milei, presidential candidate in Argentina, is now ahead of his competitors and the cards for the second round of the presidential election in Argentina are already being played. But for cryptocurrency advocates, this is no game.
Bitcoin is about to take over Casa Rosada, Argentina’s presidential palace, and that is an event that could have a huge impact on the destiny of BTC in the country. In fact, candidate Javier Milei is clearly campaigning for the abolition of central banks and the separation of powers.
Contrary to the polls which saw him occupy only third place, Javier raises the wind of surprise by bringing together 30.73% votes in the primaries according to the provisional results published on Sunday August 13. his political party, “La Libertad Advance” (freedom on the march) thus gets ahead of the parties “Juntos por el Cambio” And “United for the Fatherland” which won 28.14% and 26.84% of the vote respectively.
In the running against Sergio Massa, Minister of the Economy, and Patricia Bullrich, candidate of the right, Milei did not enter politics until 2021, on the occasion of the legislative elections.
Perhaps it is his opposition to the “political caste” in place which enabled it to generate more support than its competitors among the 35 million Argentine voters. And already, Bitcoin is setting a new all-time high against the Argentinian peso.
BTC critics worry: October 22 could be a fateful date
Considering Javier Milei’s posture vis-à-vis bitcoin and central banks, his victory creates indescribable jubilation in the pro-bitcoin camp. And if he was already worrying his competitors for his spectacular breakthrough in politics, the anarcho-capitalist who entered politics in 2021 only now worries bitcoin critics too.
Didn’t Javier Milei recently say that ” The central bank is a scam »? Did he not indicate that the central bank is “a mechanism by which politicians abuse good people through taxes through inflation” ?
So here is a politician who celebrates the trappings of digital gold in his speeches. Here is a potential face-to-face future who thinks the advent of cryptocurrencies is only fair, because it is only a return of money to its first creator, who is nothing else in the industry private. Who better than him could fight against Argentina’s control over cryptocurrencies?
Will Javier Milei make bitcoin an official currency if elected?
Duty of memory. September 2021. President of El Salvador makes bitcoin an official currency in El Salvador. The country becomes the first in Central America to initiate such a reform.
If elected as president of Argentina, a Latin American state, could Javier Milei adopt BTC in Argentina? We cannot answer in the absolute affirmative. And it is precisely this that calms the ardor.
Indeed, at the latest news, the ultraliberal economist has not announced whether or not he plans to give bitcoin legal tender in Argentina. Rather, it promotes the dollarization of the Argentine economy.
To this end, it should be noted that the economy of Argentina is not in its best shape. Its inflation rate hit a 30-year high, rising to 3 digits, 116%. We will still have to wait for Milei’s next public interventions to find out if he intends to use BTC to control the crisis or if he has other strategies.
What is certain, especially since none of them was able to gather more than 45% of the votes, the winners of the political parties in the running will soon pass to the second round. It will be October 22, in a few weeks. There may be a third round, in November. We’ll see.
In the meantime, it is hoped that cryptocurrency adoption will soon rise to another level in Argentina. But no matter what happens, we remember this. Bitcoin is not a fad. Nor an attempt. Cryptocurrency is a monetary revolution that is firmly underway. Better, she covets power. Will she end up having it?
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