Who is Argentina's Newest Bitcoin Friendly President Javier Milei?
Presidential hopeful Javier Milei has secured victory in Argentina's presidential run-off on Nov. 19, triumphing over rival Sergio Massa.
Bloomberg data, with almost 99% of the vote tallied, reveals Milei garnered over 55% of the votes, showing a substantial lead of nearly 3 million votes.
After over 90% of the votes were counted, Massa, the country's economy minister, graciously conceded by calling Milei to acknowledge his triumph.
Milei is set to assume office on December 10.
Milei, who was previously interviewed by Tucker Carlson, has been called by opposition and supporters alike to be Argentina's new Trump.
Just less than a hundred years ago, Argentina was one of the ten wealthiest countries in the world.
Today, Argentina suffers from rampant inflation to the tune of 142% and continously loses economic migrants to other countries.
Milei, The Libertarian
Known as "The Madman", Milei, now 53, first started getting famous for his debates on live television - where he would hurl insults at his rivals.
First a soccer player, Milei gave up the sport to pursue a career in economics.
Leading the Freedom Advances party, Milei has been outspoken in criticising Argentina's central bank, denouncing it as a scam and a tool for politicians to impose an "inflationary tax" on the public.
In a TV interview, Milei cautioned that if Argentina were to continue on its current trajectory, they would be the "largest shantytown in the world".
Being pro-Bitcoin, he sees the cryptocurrency as a movement towards "the return of money to its original creator, the private sector."
Milei's political beliefs are largely libertarian in nature, believing that there should be little to no interference from the government pertaining to the private sector.
He has promised to slash government spending through the closure of multiple ministries, including its ministries of culture, education, and diversity.
He intends to priviatise the health and education sector.
This is in stark contrast to his opponent, Massa.
In October, Massa pledged to introduce a central bank digital currency (CBDC) to "solve" Argentina's persistent inflation crisis if elected.
Massa initially won the first round of the presidential election in October but fell short of securing the presidency outright, necessitating the final run-off vote.
Prior to this, Milei emerged victorious in Argentina's primary election in August, outshining Messi and other candidates.