In a surprise result, pro-bitcoin Javier Milei has taken the lead in Argentina's primary presidential election. Next up is the general election in October. andresengler reports
Javier Milei, a libertarian candidate who has advocated for the elimination of the central bank and spoken favorably of Bitcoin, was in the lead in Sunday’s primary presidential election in Argentina.
With 84% of the vote counted, Milei – of the"La Libertad Avanza" party – had 30.73% of the votes versus candidates from"Juntos por el Cambio" and"Unidos por la Patria" , who received 28.14% and 26.84%, respectively."The central bank is a scam, a mechanism by which politicians cheat the good people with inflationary tax,” Milei has previously argued.
While having a favorable attitude towards the crypto, Milei has not advocated for Bitcoin’s use as legal tender within Argentina . Instead, Milei has called for a “dollarization” of the economy, which currently is dealing with a triple-digit rate of inflation. With no candidate likely to obtain more than 45% in today’s polling, a general election among the winner for each party will be held in October. If no one receives 45% in that vote, a final runoff vote will be held in November.
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