{"id":547180,"date":"2023-08-14T12:50:58","date_gmt":"2023-08-14T12:50:58","guid":{"rendered":"https:\/\/ktsl888.com\/?p=547180"},"modified":"2024-06-11T08:07:32","modified_gmt":"2024-06-11T08:07:32","slug":"bitcoin-friendly-javier-milei-wins-presidential-primaries","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-friendly-javier-milei-wins-presidential-primaries\/","title":{"rendered":"Bitcoin-Friendly Javier Milei Wins Presidential Primaries In Argentina"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Argentine libertarian Presidential candidate and Bitcoin enthusiast Javier Milei has shocked the world by emerging victorious in Argentina\u2019s recent primary elections. The pro-Bitcoin advocate scored the majority of the votes, making a stinging win during the Primaries on August 13.<\/span><\/p>\n<h2>Javier Milei Demolishes Electoral Competition<\/h2>\n<p><span style=\"font-weight: 400\">Javier Milei, an outspoken Argentine economist, is known for his sharp criticism of traditional politics and his fervent support of cryptocurrencies, including Bitcoin. Due to this, previous poll predictions had stated that Milei would score no higher than third place in the recent elections.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-price-hit-50-on-gemini\/\">Did XRP Price Really Hit $50 On Gemini Exchange?<\/a><\/div>\n<p><span style=\"font-weight: 400\">However, Milei decimated the <\/span><a href=\"https:\/\/www.bloomberg.com\/graphics\/2023-argentina-election\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">August elections<\/span><\/a><span style=\"font-weight: 400\"> with a stunning display of voter support, accumulating over 30% of the 90% of votes counted. Milei leads the libertarian party, \u201cLa Libertad Avanza\u201d and the party is dominating with 32% of votes.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In comparison, Argentine presidential candidates like Patricia Bullrich in \u201cJuntos por el Cambio\u201d (Together for Change) party received 28.14% votes, and Sergio Massa in \u201cUnidos por la Patria\u201d (Union for the Homeland) party received 26.84% votes.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">From the onset, Milei has attracted the attention of the Argentine population through his outspoken support of cryptocurrency, lack of political interventions, and the abolishment of the country\u2019s central bank.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Milei has stated that the country&#8217;s central banks should be destroyed to eliminate corrupt political authorities that influence the country&#8217;s economy and inflation rates. He has also said that Argentina\u2019s adoption of bitcoin cryptocurrency would help create a more stable and accountable government, reducing government bureaucracy and improving the country\u2019s declining economy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cThe central bank is a scam, a mechanism by which politicians cheat the good people with inflationary tax,\u201d Milei stated.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/lVqqedFY\/\" alt=\"Bitcoin (BTC) price chart from Tradingview.com (Javier Milei Argentina)\" width=\"2884\" height=\"1746\"><\/p>\n<pre style=\"text-align: center\">BTC price recovers after brief dip | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com\u00a0<\/a><\/pre>\n<h2>Argentina Grapples with Spiraling Economic Crisis<\/h2>\n<p><span style=\"font-weight: 400\">The daily reality of the Argentine country is filled with significant growth fluctuations, high inflation, and a deteriorating GDP. Argentina\u2019s inflation is the third highest in the world, following Venezuela and Lebanon. Reports also state that the country faces one of the worst economic crises since the depression from 1998 to 2002.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Recently, Argentina has hit new record lows against the dollar weekly. Since the beginning of 2023, the Argentine peso has lost 24% in value against the dollar, resulting in black market rates selling one dollar for 500 pesos. Argentina is also in debt, owing the International Monetary Fund (IMF) an astonishing $44 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Milei\u2019s approach toward adopting cryptocurrency triggers several governmental agencies, including the IMF, which strongly opposes Bitcoin cryptocurrency. Milei\u2019s manifesto includes plans to dollarize the country\u2019s economy, which aims to stabilize the country\u2019s native currency.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/sofi-bank-holdings-in-btc-eth-doge\/\">San Francisco\u2019s SoFi Bank Reveals Significant Holdings In BTC, ETH, And DOGE<\/a><\/div>\n<p><span style=\"font-weight: 400\">Argentina\u2019s current economic crisis has also struck a nerve in Argentines, with many young citizens strongly supporting Milei\u2019s views and commitment to free-market policies.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Although Milei\u2019s victory in the primaries is a positive step forward toward the general elections coming up on October 22, his success is not without controversy, as critics publicly oppose his policies and views.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Milei\u2019s win in the August primary election also does not guarantee a win in the general election. However, his victory has undoubtedly upended the country\u2019s political system and sparked conversations about Argentina\u2019s future.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from Merco Press, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Argentine libertarian Presidential candidate and Bitcoin enthusiast Javier Milei has shocked the world by emerging victorious in Argentina\u2019s recent primary elections. The pro-Bitcoin advocate scored the majority of the votes, making a stinging win during the Primaries on August 13. Javier Milei Demolishes Electoral Competition Javier Milei, an outspoken Argentine economist, is known for his sharp criticism of traditional politics and his fervent support of cryptocurrencies, including Bitcoin. Due to this, previous poll predictions had stated that Milei would score no higher than third place in the recent elections.\u00a0 Related Reading: Did XRP Price Really Hit $50 On Gemini Exchange? However, Milei decimated the August elections with a stunning display of voter support, accumulating over 30% of the 90% of votes counted. Milei leads the libertarian party, \u201cLa Libertad Avanza\u201d and the party is dominating with 32% of votes.\u00a0 In comparison, Argentine presidential candidates like Patricia Bullrich in \u201cJuntos por el Cambio\u201d (Together for Change) party received 28.14% votes, and Sergio Massa in \u201cUnidos por la Patria\u201d (Union for the Homeland) party received 26.84% votes.\u00a0 From the onset, Milei has attracted the attention of the Argentine population through his outspoken support of cryptocurrency, lack of political interventions, and the abolishment of the country\u2019s central bank.\u00a0 Milei has stated that the country&#8217;s central banks should be destroyed to eliminate corrupt political authorities that influence the country&#8217;s economy and inflation rates. He has also said that Argentina\u2019s adoption of bitcoin cryptocurrency would help create a more stable and accountable government, reducing government bureaucracy and improving the country\u2019s declining economy.\u00a0 \u201cThe central bank is a scam, a mechanism by which politicians cheat the good people with inflationary tax,\u201d Milei stated.\u00a0 BTC price recovers after brief dip | Source: BTCUSD on Tradingview.com\u00a0 Argentina Grapples with Spiraling Economic Crisis The daily reality of the Argentine country is filled with significant growth fluctuations, high inflation, and a deteriorating GDP. Argentina\u2019s inflation is the third highest in the world, following Venezuela and Lebanon. Reports also state that the country faces one of the worst economic crises since the depression from 1998 to 2002.\u00a0 Recently, Argentina has hit new record lows against the dollar weekly. Since the beginning of 2023, the Argentine peso has lost 24% in value against the dollar, resulting in black market rates selling one dollar for 500 pesos. Argentina is also in debt, owing the International Monetary Fund (IMF) an astonishing $44 billion. Milei\u2019s approach toward adopting cryptocurrency triggers several governmental agencies, including the IMF, which strongly opposes Bitcoin cryptocurrency. Milei\u2019s manifesto includes plans to dollarize the country\u2019s economy, which aims to stabilize the country\u2019s native currency.\u00a0 Related Reading: San Francisco\u2019s SoFi Bank Reveals Significant Holdings In BTC, ETH, And DOGE Argentina\u2019s current economic crisis has also struck a nerve in Argentines, with many young citizens strongly supporting Milei\u2019s views and commitment to free-market policies.\u00a0 Although Milei\u2019s victory in the primaries is a positive step forward toward the general elections coming up on October 22, his success is not without controversy, as critics publicly oppose his policies and views.\u00a0 Milei\u2019s win in the August primary election also does not guarantee a win in the general election. However, his victory has undoubtedly upended the country\u2019s political system and sparked conversations about Argentina\u2019s future. Featured image from Merco Press, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":547184,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[223,89117,428,748,89116],"class_list":["post-547180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-argentina","tag-argentine-presidential-primaries","tag-bitcoin","tag-bitcoin-support","tag-javier-milei"],"acf":[],"yoast_head":"\n<title>Bitcoin-Friendly Javier Milei Wins Presidential Primaries In Argentina<\/title>\n<meta name=\"description\" content=\"Bitcoin enthusiast Javier Milei has shocked the world by emerging victorious in Argentina\u2019s recent presidential primary elections.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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