{"id":561481,"date":"2023-11-20T10:45:26","date_gmt":"2023-11-20T10:45:26","guid":{"rendered":"https:\/\/uniquehot.com\/?p=561481"},"modified":"2024-06-11T08:14:14","modified_gmt":"2024-06-11T08:14:14","slug":"argentina-pro-bitcoin-president","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/argentina-pro-bitcoin-president\/","title":{"rendered":"Argentina Welcomes First Pro-Bitcoin President, BTC Price Surges Above $37,000"},"content":{"rendered":"<p><span style=\"font-weight: 400\">In a historical moment for both the nation and the crypto community, Argentina has ushered in a new era by welcoming its first-ever pro-Bitcoin President.\u00a0<\/span><\/p>\n<h2>Argentina Elects Pro Bitcoin President<\/h2>\n<p><span style=\"font-weight: 400\">On November 19, Argentina released the results of its presidential election. <\/span><a href=\"https:\/\/www.bbc.com\/news\/world-latin-america-67470549\" rel=\"nofollow\"><span style=\"font-weight: 400\">Reports<\/span><\/a><span style=\"font-weight: 400\"> of the election results reveal that right-wing libertarian and <\/span><span style=\"font-weight: 400\">Bitcoin<\/span><span style=\"font-weight: 400\"> advocate, <\/span><a href=\"https:\/\/bitcoinist.com\/pro-bitcoin-javier-milei-wins-primaries-argentina\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Javier Milei<\/span><\/a><span style=\"font-weight: 400\"> won almost 56% out of 90% of votes counted. While his rival candidate, Minister Sergio Massa garnered 44% of the votes.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/crypto-analyst-predicts-xrp-price-will-reach-1-35-as-these-metrics-heat-up\/\">Crypto Analyst Predicts XRP Price Will Reach $1.35 As These Metrics Heat Up<\/a><\/div>\n<p><span style=\"font-weight: 400\">The momentous victory positions Milei as the face of a <\/span><a href=\"https:\/\/bitcoinist.com\/argentina-first-bitcoin-futures-contract\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">new era in Argentina<\/span><\/a><span style=\"font-weight: 400\">, marked by his stated commitment to solving inflationary problems in the country by abolishing the country\u2019s Central Bank and using <\/span><a href=\"https:\/\/bitcoinist.com\/why-bitcoin-halving-could-provide-a-big-boost-to-these-altcoins-growth\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">digital currencies like Bitcoin.\u00a0<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400\">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 the nations to help develop Argentina and make it a better country.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cToday begins the reconstruction of Argentina. Today begins the end of Argentina\u2019s decline. The model of decadence has come to an end. There is no way back,\u201d Milei stated.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">He further added that \u201cArgentina 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.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Former President of the United States, Donald Trump commended Milei on <\/span><a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-friendly-javier-milei-wins-presidential-primaries\/\"><span style=\"font-weight: 400\">securing victory<\/span><\/a><span style=\"font-weight: 400\"> in the Argentinian Presidential election. He expressed his pride in Milei\u2019s incredible feat and stated his anticipation for Milei\u2019s efforts in restoring Argentina.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cCongratulations to Javier Milei on a great race for President of Argentina. The whole world was watching! I am very proud of you. You will turn your Country around and truly Make Argentina Great Again,\u201d Trump <\/span><a href=\"https:\/\/x.com\/trumpdailyposts\/status\/41407118?s=46\" rel=\"nofollow\"><span style=\"font-weight: 400\">stated<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<h2>BTC Price Surges As Argentina Embraces New Era Of Crypto<\/h2>\n<p><span style=\"font-weight: 400\">Following the news of Javier Milei\u2019s victory in Argentina\u2019s Presidential elections, Bitcoin price has been on an upward trend, trading above the <\/span><a href=\"https:\/\/uniquehot.com\/news\/options-frenzy-bitcoin-rally-to-37000-sparks-explosive-open-interest-surge\/\"><span style=\"font-weight: 400\">$37,000 mark<\/span><\/a><span style=\"font-weight: 400\">. The price of the cryptocurrency at the time of writing is $37,199 according to CoinMarketCap.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-metrics-signal-breakout\/\">Dogecoin Metrics Signal Impending Breakout, How High Can The Price Go?<\/a><\/div>\n<p><span style=\"font-weight: 400\">One of Milei\u2019s primary policy plans as Argentina\u2019s President is to discontinue the use of the Argentinian peso and adopt the United States Dollar as the country\u2019s main currency. He has also mulled over the introduction of <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-legal-tender-germany\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Bitcoin as a potential legal tender<\/span><\/a><span style=\"font-weight: 400\"> and declared possibilities of launching a Central Bank Digital Currency (CBDC) in Argentina.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">While the proposals aim to significantly reduce the long-lasting inflationary crisis in the Argentinian economy, <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-bulls-signal-confirms-bullish-trend\/\">the involvement of <\/a><\/span><span style=\"font-weight: 400\">Bitcoin<\/span><span style=\"font-weight: 400\"> could potentially herald a new wave of economic growth for the crypto industry.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/6fb9OCY4\/\" alt=\"Bitcoin price chart from Tradingview.com (Argentina)\" width=\"2650\" height=\"1742\"><\/p>\n<pre style=\"text-align: center\">BTC recovers following Milei's win | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Cryptopolitan, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a historical moment for both the nation and the crypto community, Argentina has ushered in a new era by welcoming its first-ever pro-Bitcoin President.\u00a0 Argentina Elects Pro Bitcoin President On November 19, Argentina released the results of its presidential election. Reports of the election results reveal that right-wing libertarian and Bitcoin advocate, Javier Milei won almost 56% out of 90% of votes counted. While his rival candidate, Minister Sergio Massa garnered 44% of the votes.\u00a0 Related Reading: Crypto Analyst Predicts XRP Price Will Reach $1.35 As These Metrics Heat Up The momentous victory positions Milei as the face of a new era in Argentina, marked by his stated commitment to solving inflationary problems in the country by abolishing the country\u2019s Central Bank and using digital currencies like Bitcoin.\u00a0 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 the nations to help develop Argentina and make it a better country.\u00a0 \u201cToday begins the reconstruction of Argentina. Today begins the end of Argentina\u2019s decline. The model of decadence has come to an end. There is no way back,\u201d Milei stated.\u00a0 He further added that \u201cArgentina 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.\u201d Former President of the United States, Donald Trump commended Milei on securing victory in the Argentinian Presidential election. He expressed his pride in Milei\u2019s incredible feat and stated his anticipation for Milei\u2019s efforts in restoring Argentina.\u00a0 \u201cCongratulations to Javier Milei on a great race for President of Argentina. The whole world was watching! I am very proud of you. You will turn your Country around and truly Make Argentina Great Again,\u201d Trump stated.\u00a0 BTC Price Surges As Argentina Embraces New Era Of Crypto Following the news of Javier Milei\u2019s victory in Argentina\u2019s 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.\u00a0 Related Reading: Dogecoin Metrics Signal Impending Breakout, How High Can The Price Go? One of Milei\u2019s primary policy plans as Argentina\u2019s President is to discontinue the use of the Argentinian peso and adopt the United States Dollar as the country\u2019s 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.\u00a0 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&#8217;s win | Source: BTCUSD on Tradingview.com Featured image from Cryptopolitan, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":561500,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[223,90223,90224,428,656,1119,89185,1144,78790,90225,89116,90222],"class_list":["post-561481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-argentina","tag-argentina-crypto","tag-argentina-news","tag-bitcoin","tag-bitcoin-news","tag-btc","tag-btc-news","tag-btcusd","tag-btcusdt","tag-crypto-crypto-news","tag-javier-milei","tag-pro-bitcoin-president"],"acf":[],"yoast_head":"\n<title>Argentina Welcomes First Pro-Bitcoin President, BTC Price Surges Above $37,000<\/title>\n<meta name=\"description\" content=\"In a 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