Argentina Welcomes First Pro-Bitcoin President as BTC Price Surges Above $37,000

Argentina Welcomes First Pro-Bitcoin President

On November 19, Argentina made history by electing its first pro-Bitcoin President. Reports of the election results reveal that right-wing libertarian and Bitcoin advocate, Javier Milei, won almost 56% out of 90% of votes counted, positioning him as the face of a new era in Argentina. His victory marks a commitment to solving inflationary problems in the country by abolishing the country’s Central Bank and using digital currencies like Bitcoin.

In a public victory speech to his supporters in Buenos Aires, Milei declared that the transformative process of Argentina had just begun and the country was on its way to economic recovery. He promised to work with all nations to help develop Argentina and make it a better country. “Today begins the reconstruction of Argentina. Today begins the end of Argentina’s decline. The model of decadence has come to an end. There is no way back,” Milei stated. He further added that “Argentina will return to its place in the world that it should never have lost. We are going to work shoulder-to-shoulder with all nations of the free world, to help build a better world.”

Former President of the United States, Donald Trump, commended Milei on securing victory in the Argentinian Presidential election. He expressed his pride in Milei’s incredible feat and stated his anticipation for Milei’s efforts in restoring Argentina.

BTC Price Surges As Argentina Embraces New Era Of Crypto

Following the news of Javier Milei’s victory in Argentina’s Presidential elections, Bitcoin price has been on an upward trend, trading above the $37,000 mark. The price of the cryptocurrency at the time of writing is $37,199 according to CoinMarketCap.

One of Milei’s primary policy plans as Argentina’s President is to discontinue the use of the Argentinian peso and adopt the United States Dollar as the country’s main currency. He has also mulled over the introduction of Bitcoin as a potential legal tender and declared possibilities of launching a Central Bank Digital Currency (CBDC) in Argentina.

While the proposals aim to significantly reduce the long-lasting inflationary crisis in the Argentinian economy, the involvement of Bitcoin could potentially herald a new wave of economic growth for the crypto industry.

BTC recovers following Milei’s win | Source: BTCUSD on

Featured image from Cryptopolitan, chart from

❗Follow us on Twitter to get all the latest crypto news as soon as they're out! 🚀

J-S Tremblay
About the author - J-S Tremblay

I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...

View J-S Tremblay website

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top