Bitcoin Advocate Javier Milei Secures Landslide Victory in Argentina’s Presidential Election

Candidate Javier Milei has secured an overwhelming number of votes in the race to become the President of Argentina. This is welcome news for investors as he is a staunch supporter of Bitcoin.

Bitcoin Advocate Javier Milei Secures Landslide Victory In Argentina’s Presidential Election_65d5cc68a5d40.webp

In a decisive turn of events, Argentina’s Bitcoin-friendly candidate, Javier Milei, emerged victorious in the presidential run-off election on November 19, securing over 55% of the votes with 99% of the ballots counted. Milei’s triumph over his opponent, Sergio Massa, marked a significant shift in the country’s political landscape.

With a lead of nearly 3 million votes, as reported by Bloomberg data, Milei’s win reflects a growing sentiment of support for a candidate who openly embraces Bitcoin. The victory was acknowledged by Massa, the country’s minister of economy, who congratulated Milei on the win after more than 90% of the votes were tallied, even before the official results were announced. Milei is set to assume office on December 10.

Argentina’s enduring struggle with inflation has been a focal point, with the Argentine peso witnessing a staggering 140% increase in annual inflation over the last 12 months. Milei, a vocal critic of the country’s central bank, denounces it as a “scam” and a tool for politicians to impose an “inflationary tax” on the people.

He sees Bitcoin as a movement towards restoring control over money to the private sector, although he has not indicated any plans to make it legal tender in the country.

In contrast, Massa’s stance on money, banking, and cryptocurrency sharply differs from Milei’s. In October, Massa pledged to launch a central bank digital currency (CBDC) if elected, presenting it as a solution to Argentina’s persistent inflation crisis. Massa had previously won the first round of the presidential election in October but fell short of securing the presidency outright, leading to the final run-off vote.

Milei’s journey to victory included winning the primary election in August, triumphing over candidates like Messi. His success signals a departure from traditional political narratives and a potential shift towards a more Bitcoin-friendly agenda in Argentina.

(100 votes)

5.0/5

(100 votes)

Latest

Bitcoin Hits A New Ath As Profit Margins Continue To Shrink

News | Bitcoin | Editor Choice

Bitcoin Hits a New ATH as Profit Margins Continue to Shrink

Although Bitcoin (BTC) continues to set new price records after every halving, historical data shows that the world’s largest cryptocurrency is experiencing diminishing returns with each new cycle.

Factors Driving Bitcoin’s Strong Rally In ‘uptober’

News | Bitcoin | Editor Choice

Factors Driving Bitcoin’s Strong Rally in ‘Uptober’

Bitcoin enters October with hopes of reviving “Uptober,” as markets bet on an upcoming Fed rate cut and a renewed appetite for risk assets.

Will The Crypto Market’s Legendary October Rally Return

News | Bitcoin | Editor Choice

Will the Crypto Market’s Legendary October Rally Return?

As the final quarter of the year begins, the crypto community once again invokes “Uptober” – the term that describes October as a historically bullish month, especially for Bitcoin.

Bitcoin Repeats 2017 And 2020 Patterns, Next Target New Ath

News | Bitcoin | Editor Choice

Bitcoin Repeats 2017 and 2020 Patterns, Next Target New ATH?

Bitcoin is entering a “mid-cycle reset,” with on-chain signals suggesting that the recent volatility is merely a pause before the next push toward new all-time highs.

Bitcoin Price Stalls Amid Etf Outflows And Miner Selling Pressure

News | Bitcoin | Editor Choice

Bitcoin Price Stalls Amid ETF Outflows and Miner Selling Pressure

Bitcoin is facing dual pressure from ETF outflows and miner selling, raising concerns that the cryptocurrency could extend its decline by the end of September.

Screenshot 2025 09 10 100533