Argentinian Presidential Election Results Drive 2% Surge in Bitcoin Price

Argentinian Presidential Election Results Drive 2% Surge in Bitcoin Price

Bitcoin (BTC) Skyrockets  as Pro- Bitcoin (BTC) Leader Milei Secures Victory in Argentina

Argentina’s presidential election has resulted in a surprising win for far-right libertarian outsider Javier Milei, causing a 2% surge in Bitcoin (BTC) and surpassing $37,200. The cryptocurrency community is celebrating this outcome due to Milei’s support for Bitcoin (BTC) and his criticism of central banks, which he deems as a scam.

Pro- Bitcoin (BTC) Leader Milei’s Victory

Javier Milei resurfaced victorious with an impressive 55% of the votes, securing a substantial lead of almost 3 Million votes more than his closest competitor. He is set to assume office on December 10, and the cryptocurrency community will closely observe his policies.

Bridging Web2 and Web3 with DeFi Gateway: Empowering Users through Smart Wallets and Curated Investment Approaches

Inflation at its peak in Argentina

Argentina is as of now wrestling with severe inflation, with the peso’s annual rate surpassing 140%. Critics believe that Milei’s win presents a chance for change as he endorses Bitcoin (BTC) as a hedge against inflationary taxes. Though Bitcoin (BTC) is not considered legal tender yet in Argentina, his victory sparks hope for change in the nation’s monetary policies.

Bitcoin (BTC) Price Movement

Renowned analyst Ali Martinez predicts a positive trend trajectory for Bitcoin (BTC) as it gears up for the next halving, with some forecasting a 700-day bull run until October 2025. Bitcoin’s current price of around $37,117 is being closely monitored for probable altcoin breakouts.

Contrasting Rise of ETHW and Decline of Staked ETH: A Shift in Momentum

Hot Take: The Impact of Milei’s Victory on Bitcoin (BTC) and Argentina’s Economy

Javier Milei’s victory in Argentina’s presidential election has had a swift impact on BTC’s value and brought intend to the cryptocurrency community. With his pro- Bitcoin (BTC) stance and criticism of central banks, Milei’s win signifies probable changes in Argentina’s monetary policies, making it a critical time for the cryptocurrency industry to watch closely.

KyberSwap successfully recovers $4.7 million following security breach

Original post can be found here and here

Author – Contributor at | Website

Cino Gaperi stands out as a prominent crypto analyst, accomplished researcher, and adept editor, making significant contributions to the field of cryptocurrency. With a strong background in crypto analysis and research, Cino’s insights delve deep into the intricate aspects of digital assets, appealing to a diverse audience. His keen analytical skills are complemented by his editorial proficiency, allowing him to distill complex crypto information into easily digestible content.

Surge in LUNA, LUNC, and USTC as Social Activity Soars Following Major Update
Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.

Subscribe to our Social Media for Exclusive Crypto News and Insights 24/7!

Email me the hottest Crypto news!

Latest Crypto News

Share via
Share via