{"id":87248,"date":"2023-11-20T10:32:38","date_gmt":"2023-11-20T08:32:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87248"},"modified":"2025-09-13T10:36:52","modified_gmt":"2025-09-13T07:36:52","slug":"bitcoin-advocate-javier-milei-elected-argentinas-president","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-advocate-javier-milei-elected-argentinas-president\/","title":{"rendered":"Bitcoin advocate Javier Milei elected Argentina&#8217;s president"},"content":{"rendered":"<p>Javier Milei was elected President of Argentina with an 11.4% margin after 99.3% of the votes were counted. The former libertarian deputy said he would &#8216;burn&#8217; the central bank and abandon the peso in favor of the dollar to win against inflation.<\/p>\n<p>Milei&#8217;s rival\u2014the economy minister Sergio Massa\u2014conceded defeat. The inauguration will take place on December 10.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-832.webp\" alt=\"1-832\" class=\"wp-image-220398\"\/><figcaption class=\"wp-element-caption\">Data:<a href=\"https:\/\/www.bloomberg.com\/graphics\/2023-argentina-election\/\"> Bloomberg<\/a>.<\/figcaption><\/figure>\n<p>Milei is a supporter of Bitcoin, and for his conduct he is often compared to Donald Trump.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"forklog\/34311\" data-width=\"100%\"><\/script><\/p>\n<p>Argentina is enduring a persistent economic crisis, with sovereign debt defaults and facing hyperinflation and devaluation of its currency. About 40% of the population live below the poverty line, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-20\/milei-opens-a-new-era-what-comes-next-in-argentina-policymaking\"> Bloomberg<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-833.webp\" alt=\"1-833\" class=\"wp-image-220399\"\/><figcaption class=\"wp-element-caption\">Annual inflation rate. Data:<a href=\"https:\/\/tradingeconomics.com\/argentina\/inflation-cpi\"> TradingEconomics<\/a>.<\/figcaption><\/figure>\n<p>The future president of Argentina is known for attacking the country&#8217;s central bank. He has called it fraud and &#8216;the mechanism by which politicians deceive ordinary people with an inflation tax&#8217;.<\/p>\n<p>In Bitcoin Milei sees a return of money to its original creator \u2014 the private sector. At the same time, the politician has not stated an intention to adopt digital gold as a payment instrument, as did the authorities of<a href=\"https:\/\/u1f987.com\/en\/news\/el-salvador-legalises-bitcoin-as-government-buys-550-btc\"> El Salvador<\/a> and<a href=\"https:\/\/u1f987.com\/en\/news\/central-african-republic-becomes-the-worlds-second-country-to-legalize-bitcoin\"> Central African Republic<\/a>.<\/p>\n<p>The announcement of the preliminary results of the Argentine presidential election triggered Bitcoin&#8217;s rise to $37,500. In the following hours, prices retraced most of the gains. Daily gains slowed to 1.5%, according to<a href=\"https:\/\/www.coingecko.com\/\"> CoinGecko<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-834.webp\" alt=\"1-834\" class=\"wp-image-220400\"\/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart on Binance. Data:<a href=\"https:\/\/www.tradingview.com\/x\/pb3uTJIs\/\"> TradingView<\/a>.<\/figcaption><\/figure>\n<p>In 2022, Milei<a href=\"https:\/\/u1f987.com\/en\/news\/argentine-presidential-candidate-accused-of-promoting-crypto-scam\"> was sued<\/a> for promoting an alleged cryptocurrency Ponzi scheme.<\/p>\n<p>In 2023, the Central Bank of Argentina proposed new guidelines that could<a href=\"https:\/\/u1f987.com\/en\/news\/argentina-tightens-controls-on-crypto-transactions\"> make it harder for<\/a> companies dealing with digital assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Javier Milei was elected President of Argentina with an 11.4% margin after 99.3% of the votes were counted. The former libertarian deputy said he would &#8216;burn&#8217; the central bank and abandon the peso in favor of the dollar to defeat inflation.<\/p>\n","protected":false},"author":1,"featured_media":87249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[908,18,1280,1224],"class_list":["post-87248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-argentina","tag-bitcoin","tag-elections","tag-macroeconomics"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=87248"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87248\/revisions"}],"predecessor-version":[{"id":87250,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87248\/revisions\/87250"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/87249"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=87248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=87248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=87248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}