Bitcoin president in Argentina? Image the USA, where many pro-Bitcoin candidates are already campaign for 2024, theArgentina is not to be outdone. Over the years, Bitcoin has become a political issue. This digital gold is taking on an increasingly important role in candidates’ electorates. Does Bitcoin now have a place in the big leagues?
Javier Milei: a pro-Bitcoin candidate
Long disparaged and considered a jokeBitcoin has come a long way since its creation by Satoshi Nakamoto in 2009. Today, it’s no longer shameful to talk about this invention. More and more presidential candidates are even making it their hobbyhorse. Among them are many representatives of the Republican Party in the 2024 elections in the USA, a country in which cryptos have become a major force in recent years. a partisan issue.
If in Europe and in France in particular, cryptos are still taboo and heavily criticizedthis is not the case in many parts of the world. While we know that Asia is making great strides on the subject, this is also the case in South America, and in Argentina to be precise. In this country, presidential elections are scheduled for next October. And naturally, the campaign is currently in full swing.
Among the candidates are Javier Mileia libertarian member of the « La Libertad Avanza »which could be translated as « freedom on the march ». Javier Milei advocates, among other things, the abolition of central banks, and speaks very highly of Bitcoin. For him, this digital gold represents « the return of money to its original creator, the private sector »..
In a sense, he is close to Bitcoin’s ideals. Javier Milei fights for the separation of powers and the removal of government control over money.
« Central banking is a scam, a mechanism by which politicians abuse good people via taxes through inflation. »
Javier Milei
>> Prefer to keep your cryptos safe? Choose a Ledger wallet (commercial link) <<
In Argentina, Bitcoin may well be elected president
Now, during last Sunday’s presidential primaries, Javier Miliei has arrived ahead in the polls with 30,73 % of the vote. He thus outstripped his opponents, the « Juntos por el Cambio » (« Together for Change ») and « Unidos por la Patria (« United for the Fatherland »). These two parties obtained 28.14% and 26.84% of the vote respectively. The battle is therefore very close between these different candidates.
However, the most optimistic polls predicted Javier Milei in third place, and certainly no higher. His arrival at the top is a true surprise. Still, we’ll have to curb our enthusiasm. Javier Milei has no plans to make Bitcoin a national currency, but he may not be against its democratization in the country. However, the candidate is more interested in priority an Argentina’s redollarization borrows from all-consuming hyperinflation.
Given that no candidate has exceeded 45% of the vote in this first round, a second round will be held next October with the winners from each party. If, once again, no candidate achieves the fateful 45%, a final round will be held in November.
Little by little, Bitcoin loses its qualifiers of monetary joke to become a serious subject. It makes people question the true role of money and the abuses to which it is subjected. Politicians are also getting to grips with the subject, whether out of personal conviction or simply because the issue is now a common one. a large part of their electorate.
Your bitcoins are very valuable and deserve maximum protection! For peace of mind, equip yourself with a Ledger secure hardware wallet, there’s something for everyone. Your security is priceless (commercial link).