{"id":87272,"date":"2023-11-20T17:37:59","date_gmt":"2023-11-20T15:37:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87272"},"modified":"2025-09-13T10:45:44","modified_gmt":"2025-09-13T07:45:44","slug":"mileis-victory-in-argentina-elections-brings-bitcoin-in-pesos-closer-to-ath","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mileis-victory-in-argentina-elections-brings-bitcoin-in-pesos-closer-to-ath\/","title":{"rendered":"Milei&#8217;s Victory in Argentina Elections Brings Bitcoin in Pesos Closer to ATH"},"content":{"rendered":"<p>Bitcoin, paired with <span data-descr=\\\"Argentine peso\\\" class=\\\"old_tooltip\\\">ARS<\/span>, moved toward a record high after <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-advocate-javier-milei-elected-argentinas-president\">reports of Milei&#8217;s victory<\/a> in the presidential election of the proponent of digital gold, Javier Milei.<\/p>\n<p>With 99.3% of the votes tallied, he led his rival \u2014 Sergio Massa \u2014 by 11.4 percentage points. The latter conceded defeat.<\/p>\n<p>The incoming president of Argentina (to be inaugurated on December 10) is known for attacks on the central bank. He called it a fraud and &#8216;a mechanism by which politicians deceive good people with an inflation tax&#8217;.<\/p>\n<p>In Bitcoin, Milei sees &#8216;the return of money to its original creator \u2014 the private sector.&#8217; At the same time, the politician has not yet stated any intention to formalize digital gold as an official means of payment, as the authorities in El Salvador and the Central African Republic have done.<\/p>\n<p>However, television host Max Keiser, who also serves as an adviser to El Salvador&#8217;s President Nayib Bukele on Bitcoin, wrote about a likely visit by a diplomatic crypto team to Argentina.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"et\\\" dir=\\\"ltr\\\">Nayib Bukele Clears &#8216;Team Bitcoin El Salvador&#8217; To Visit Argentina: Max Keiser <a href=\\\"https:\/\/t.co\/Z6uOd1g6YV\\\">https:\/\/t.co\/Z6uOd1g6YV<\/a><\/p>\n<p>\u2014 Max Keiser (@maxkeiser) <a href=\\\"https:\/\/twitter.com\/maxkeiser\/status\/1726617787764748348?ref_src=twsrc%5Etfw\\\">November 20, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Earlier Keiser said that at the start of 2024 three more countries would approve the first cryptocurrency as an official means of payment, but did not specify which ones.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">JUST IN: Three nations in LATAM to make <a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> legal tender in early 2024 \u2014 Max Keiser<\/p>\n<p>Which? ? <a href=\\\"https:\/\/t.co\/2Sc8mRyGXk\\\">pic.twitter.com\/2Sc8mRyGXk<\/a><\/p>\n<p>\u2014 Bitcoin Archive (@BTC_Archive) <a href=\\\"https:\/\/twitter.com\/BTC_Archive\/status\/1726598831922659598?ref_src=twsrc%5Etfw\\\">November 20, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Milei was congratulated by notable advocates of the first cryptocurrency, including MicroStrategy founder Michael Saylor.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\"><a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> is hope for Argentina. Congratulations <a href=\\\"https:\/\/twitter.com\/JMilei?ref_src=twsrc%5Etfw\\\">@JMilei<\/a>.<\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\\\"https:\/\/twitter.com\/saylor\/status\/1726407355103899977?ref_src=twsrc%5Etfw\\\">November 20, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\\&#8221;Bitcoin is hope for Argentina. Congratulations,\\&#8221;<\/em> he wrote.<\/p>\n<\/blockquote>\n<p>Experts surveyed by The Guardian, by contrast, forecast &#8216;social chaos and destruction&#8217; for the second-largest economy in South America.\u00a0\u00a0<\/p>\n<p>According to <a href=\\\"https:\/\/www.coingecko.com\/\\\"> CoinGecko<\/a>, the BTC\/ARS rate jumped more than 2.5%, to 13.2 million pesos.\u00a0<\/p>\n<p>Currently, the digital gold is valued at 13.18 million pesos, with daily growth slowing to 2.4%.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh7-eu.googleusercontent.com\/WEL7BHkgJRGy5nzmDkCg-nac6XzTHZX-x0rVp545XCF2jep2rxTnghdQ6_ich9OcogYF65nqc9qicLNGWEFUHkpsClBYbVKbzd-HJk2GUNSsHPxuHTKkV4Oa5hDzzVbIWbfKrSPWRRsw4Ai4aYYT9nw\\\" alt=\\\"Milei's victory in Argentina elections brings Bitcoin in pesos closer to ATH\\\"\/><figcaption class=\\\"wp-element-caption\\\">Data: CoinGecko.<\/figcaption><\/figure>\n<p>For comparison, in U.S. dollars the rise is 1.9%. At the same time, the peso strengthened against the USD by 0.1%.<\/p>\n<p>In the local market Bitcoin reached <span data-descr=\\\"historic high\\\" class=\\\"old_tooltip\\\">ATH<\/span> (13.37 million) on November 16, when a majority of participants in the decentralized prediction market Polymarket placed bets on Milei&#8217;s victory.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh7-eu.googleusercontent.com\/Er1mljsnovR4rkD6AT3nXp676Yls0f0KOnDDUXIuinQhKTGsikk53mCHgOu_o4AnZj0ZF_BLEjQ01cdB6ZN5tV5tXaZpe_WrXloqd1Zmwm4hYpeKTfWen_QECZa3jF3fInazAeKU5WtfZ_QBFsRRJ4c\\\" alt=\\\"Milei's victory in Argentina elections brings Bitcoin in pesos closer to ATH\\\"\/><figcaption class=\\\"wp-element-caption\\\">Data: <a href=\\\"https:\/\/polymarket.com\/event\/argentina-presidential-election-who-will-win\\\">Polymarket<\/a>.<\/figcaption><\/figure>\n<p>On August 13, digital gold rose by 20% in a single day to 10.2 million pesos. The move followed the victory of the future president in the primaries.<\/p>\n<p>In 2022 Milei was sued for promoting a purported cryptocurrency Ponzi scheme.<\/p>\n<p>In 2023, the Central Bank of Argentina proposed new guidelines that could complicate the work of companies tied to digital assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin, paired with ARS, moved toward a record high after reports of Milei&#8217;s victory in the presidential election.<\/p>\n","protected":false},"author":1,"featured_media":87273,"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-87272","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":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87272","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=87272"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87272\/revisions"}],"predecessor-version":[{"id":87274,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87272\/revisions\/87274"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/87273"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=87272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=87272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=87272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}