Will President Milei's Bitcoin Support Tackle Argentina's Inflation Crisis? 🇦🇷
In #Argentina 's run-off presidential election, Javier Milei secured a victory, tallying over 55% of votes with 99% counted, triumphing over Sergio Massa. Massa conceded with nearly 3 million votes separating them before official results.
Milei, critical of Argentina's central bank, blames it for inflation, advocating for private sector control, praising Bitcoin as a return to genuine monetary ownership.
However, he hasn't proposed Bitcoin as #legal tender. Massa's approach differs, favoring a central bank digital currency to combat inflation, contrasting with Milei's stance. Despite winning the initial round, Massa couldn't secure outright victory, necessitating the run-off vote.
Milei's win in the primary #election set the stage for his presidency, which begins on December 10 amid Argentina's persistent inflation crisis, signaling a potential shift in economic policy.
