Announcement of the presidential election results in Argentina
The value of Bitcoin increased by three percent
Simultaneously with the announcement of the presidential election results in Argentina, the value of Bitcoin has increased by three percent
Javier Milei, the right-wing candidate, has won the second round of the Argentine presidential election with about 56 percent of the votes
He is a supporter of Bitcoin and considers this cryptocurrency as the return of money to its original creator, namely the private sector
With the strengthening of Mr. Milei’s victory from Sunday evening, the value of Bitcoin increased
The price of each Bitcoin has now risen above $37,300
Mr. Milei previously called the Central Bank of Argentina a fraudster, although he has not yet spoken about legalizing this cryptocurrency
Mr. Milei is seeking to eliminate the mechanism of the central bank, in a situation where last month’s inflation rate in October was announced to be 142 percent
More than two years ago, El Salvador became the first country in the world to recognize financial transactions for the purchase of goods and services with the cryptocurrency Bitcoin and declared it legal