Crypto Friendly Javier Milei Wins Argentine Presidency

The next president of Argentina will It will be Javier Milei after his opponent Sergio Massa conceded on Sunday evening, saying “the Argentines have chosen another path”. With about 87% of the votes counted, Milei had 56% of the total to Massa’s 44%, according to Bloomberg. Trading quietly for most of the weekend, bitcoin began to rise late Sunday afternoon following talk of Milei’s strong performance. Following Massa’s concession, the crypto is up around 2% over 24 hours to $37,150. “We need to understand that the central bank is a scam,” Milei said earlier this year when asked about Bitcoin. “What Bitcoin represents,” he continued, “is the return of money to its original creator, the private sector.”