Anarcho-Capitalist Javier Milei Wins Argentine Presidency
Libertarian Javier Milei won Argentina’s presidency promising a radical shakeup to fix decades of policy mismanagement.
- Milei took 56% of the votes to 44% for Economy Minister Sergio Massa, according to the official electoral authority.
“Today starts the rebuilding of Argentina. There’s no room for gradual measures,” Milei told the crowd at his campaign headquarters in Buenos Aires.
- In his campaign, Milei vowed to shut down the country's failing central bank, which has banned Argentina's financial institutions from making Bitcoin offerings to their clients earlier this year.
- Milei's plans also involve dollarizing the Argentine economy that's been walloped by inflation that reached 143% in October.
- Milei is not an outspoken pro-bitcoin candidate as his understanding of the digital asset space appears to be limited. Instead, he claimed to be interested in enabling people to 'voluntarily choose between currencies.'
- “I'm not a specialist in cryptocurrency,” Milei said in this video from 2019. In 2021, Milei promoted now defunct crypto yield platform and alleged Ponzi scheme CoinX, for which he was sued by its investors in 2022.
- The new president is set to take office on December 10.
