Argentinian politician Javier Milei, known for his robust support of the flagship cryptocurrency Bitcoin and his vehement calls for the dissolution of the nation’s central bank, has surged ahead in the presidential primary elections.
With more than 90% of the votes tallied, Milei, a fervent libertarian and Bitcoin advocate, is in the lead, securing nearly 32% of the popular vote. He is closely followed by the conservative Together for Change (Juntos por el Cambio) party, which has garnered just under 30% of the vote.
The incumbent government’s left-leaning coalition, Union for the Homeland (Unión por la Patria), is currently in the third position with slightly over 28.5%. Milei, an outspoken self-proclaimed anarcho-capitalist, is at the helm of the Liberty Advances (La Libertad Avanza) coalition, a group that has been described anywhere between libertarian to far-right.
Milei has controversially called for the eradication of Argentina’s central bank, labeling it a deceptive scheme, and advocated for the legalization of human organ sales. The politician views Bitcoin as a countermeasure against “central bank scammers” and contends that legal tender gives politicians an avenue to exploit Argentinians through rampant inflation.
His message appears to be resonating with a large section of the Argentinian electorate, many of whom are grappling with a soaring annual inflation rate of 116%. This alarming figure, the highest the nation has seen in over 30 years, exacerbates an already pressing cost-of-living crisis.
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- Source: https://www.cryptocompare.com/email-updates/daily/2023/aug/14/
