A runoff election in Argentina, Sunday, resulted in a win for Javier Milei, a libertarian on the political right who wants to dollarize the country’s economy and has expressed support for Bitcoin.
Milei won about 56% of the vote versus just over 44% in the runoff, in Latin America’s third most populous nation.
In a country which has recently witnessed triple-digit rates of inflation, Milei sees bitcoin and digital currencies as an effort to “return money to its original creator: the private sector.”
Emphasizing Bitcoin’s finite supply, he regards it as a more secure alternative to traditional mediums like gold or silver.
Milei, known for his anti-central banking…
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