Bitcoiner Milei Shocks Argentina with Primary Election Win

by Aug 14, 2023CryptoNews0 comments

A pro-Bitcoin politician who wants to end the central bank’s monopoly on money has won the most votes in Argentina’s primary election. Javier Milei, a libertarian and anarcho-capitalist, leads the Liberty Advances (La Libertad Avanza) coalition, which advocates for free markets, individual rights, and sound money. He has praised Bitcoin as a way to resist the inflation and corruption caused by the central bank and the government.

Milei received nearly 32% of the votes, ahead of the conservative Together for Change (Juntos por el Cambio) party with almost 30%, and the left-wing Union for the Homeland (Unión por la Patria) coalition with over 28.5%, according to Bloomberg data. The Union for the Homeland is the current ruling party, which has faced criticism for its handling of the economic crisis and the COVID-19 pandemic.

Milei is known for his controversial views on various topics, such as legalizing organ sales, denying climate change, and abolishing taxes. He has also expressed admiration for famous Bitcoiners, such as Michael Saylor, Jack Dorsey, and Elon Musk. He has said that Bitcoin is a reaction against the “central bank scammers” and that legal tender is a way for politicians to rob Argentines with inflation.

The general presidential election will take place on Oct. 22. To win the presidency, a candidate must get at least 45% of the votes or face a runoff vote in November. Milei’s victory in the primary election shows that many Argentines are fed up with the status quo and are looking for alternative solutions to their problems. Bitcoin could be one of them.

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