LATEST: Argentina’s Pro-Bitcoin President-Elect Javier Milei Wins Election

In a surprising turn of events, Argentina elected Javier Milei, a staunch advocate for Bitcoin, as its new president in the November 19 run-off election. Milei secured over 55% of the votes, with a substantial lead of nearly 3 million votes, as per Bloomberg data. His victory is seen as a significant moment for the crypto community, as Milei has criticized the central bank and supports Bitcoin as a means to combat inflation. However, he has not yet indicated plans to make Bitcoin legal tender in the country. Milei will take office on December 10, amidst Argentina’s ongoing inflation crisis.

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