Pro-Bitcoin presidential candidate Javier Milei has won the Argentina presidential run-off election, beating his opponent Sergio Massa. Several Bitcoin proponents including MicroStrategy’s Michael Saylor, BitMEX’s Arthur Hayes, and Elon Musk congratulated Milei on the victory. Max Keiser, Bitcoin advisor to El Salvador President Nayib Bukele, said the team is going to Argentina to discuss Bitcoin ambitions with Javier Milei.
Nayib Bukele’s Bitcoin Team To Visit Argentina
Max Keiser on November 20 asked El Salvador President Nayib Bukele for an official visit of the Bitcoin team to Argentina. He added that the team will invite new President Javier Milei to “dine at the Presidential Palace here in El Salvador and talk about Bitcoin”.
In a succeeding post on X, Max Keiser revealed that President Nayib Bukele has cleared Team Bitcoin El Salvador to visit Argentina on a Bitcoin diplomatic mission of peace and economic freedom.
El Salvador already adopted Bitcoin as a legal tender to counter inflation and offers freedom to its people from central banks’ authority. The region of Latin America appears to be the first place where Bitcoin adoption on a national scale will begin.
Argentina’s new President Javier Milei had openly criticized the country’s central bank, denouncing it as a scam and a “mechanism through which politicians deceive the public with inflationary taxes.” He also views Bitcoin as a movement toward “restoring money to its original creator, the private sector”.
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Bitcoin Kicks Up 3% After Javier Milei’s Win
BTC price rallied 3% and moved past $37,000 after Argentina elected Javier Milei as the country’s new President. The price is currently trading at $37,255, with a 24-hour high of $37,509.
With nearly 99% of the votes tallied, Milei secured over 55% of the votes, establishing a substantial lead of almost 3 million votes, as per Bloomberg data.
Max Keiser said Milei’s victory can start a rally towards $40,000. Trading volume has increase after the big event and indicates a further upside move in BTC price.
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