Argentina’s presidential run-off election resulted in a victory for Javier Milei, a Bitcoin-friendly candidate. With a significant lead in the votes, Milei secured over 55% of the votes, defeating his opponent Sergio Massa. Milei’s win comes at a time when Argentina is grappling with a severe inflation crisis, with the Argentine peso experiencing a staggering 140% increase in annual inflation over the past year. Milei has been a vocal critic of the country’s central bank, referring to it as a scam and advocating for the return of money to the private sector. However, he has not indicated any plans to make Bitcoin legal tender in Argentina. On the other hand, Massa, who pledged to launch a central bank digital currency (CBDC) to address the inflation crisis, holds contrasting views to Milei. While Massa won the first round of the presidential election, it was not enough to secure the presidency outright, leading to the final run-off vote. Milei will assume office on December 10.

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Information	Details
Geography	South America
Countries	🇦🇷
Sentiment	positive
Relevance Score	1
People	Javier Milei, Sergio Massa
Companies	private sector, Bloomberg, Central bank, None, Argentine peso
Currencies	argentine peso, Bitcoin
Securities	None