• About
  • Landing Page
  • Buy JNews
Newsletter
Bitcoin Press UK
  • Home
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
No Result
View All Result
Bitcoin Press UK
No Result
View All Result
Home Bitcoin

Bitcoin’s Peak Value in Argentina After Milei’s Win

Editorial Team by Editorial Team
August 18, 2023
in Bitcoin
0
Argentinian flag with Bitcoin logo in the center

Argentina's embrace of Bitcoin amidst political change.

189
SHARES
1.5k
VIEWS
Share on Facebook Share on Twitter

Bitcoin’s Surge Amidst Political Shift

In a surprising turn of events, Bitcoin’s value in Argentina has reached its peak following the victory of a crypto-supportive libertarian in the country’s presidential primaries. This unexpected win led to a decline in other assets and the Argentine peso (ARS), especially after the rise of Javier Milei, a candidate who doesn’t align with traditional political establishments. This has caused some unease among investors.

Economic Challenges and Bitcoin’s Stability

Despite the fluctuating economy, Bitcoin remained stable and even reached a record value of 10.2 million ARS. This value slightly decreased to 10.1 million ARS shortly after. This record-breaking value is observed during a period when Argentina is grappling with one of the highest inflation rates globally, leading to the peso’s rapid devaluation.

Related articles

Germany Bitcoin Price Surge

Germany’s Crypto News Spurs 4.5% Bitcoin Price Surge Amidst Recovery

November 21, 2023
Argentina Bitcoin President

Argentina Elects Bitcoin Advocate: BTC Price Soars to £37,530

November 21, 2023

Cryptocurrency Adoption in Argentina

Digital currencies have found a significant user base in Argentina. A study by Chainalysis last year positioned Argentina among the top ten countries with the highest cryptocurrency adoption rates.

Javier Milei: The Unconventional Economist

Milei, 52, is an economist known for his distinctive shaggy hair, love for rock music, and affinity for leather jackets. He has been vocal about his skepticism towards central banks, often labeling them as “deceptive.” He has also been an advocate for Bitcoin, especially praising its limited supply. He once remarked, “Bitcoin emerges as a natural counter to the deceptive practices of central banks.”

Argentina’s Economic Landscape

While many mainstream media platforms label him as a “far-right populist,” the citizens of Argentina seem willing to give him an opportunity, especially considering the country’s current economic challenges. As per the central bank’s data, Argentina’s annual inflation rate is a staggering 113%, the second-highest in the region after Venezuela. This economic situation has pushed a significant portion of the population into poverty.

Milei’s Vision for Argentina

Milei, who is adept at using social media, has expressed his desire to peg the Argentine economy to the dollar. He also wishes for Argentina to maintain a distance from nations with communist ideologies, such as Venezuela and China. The question that remains is whether Milei, if he secures a win, will transform Argentina into a haven for Bitcoin enthusiasts.

Tags: ArgentinaArgentine PesoBitcoinCrypto adoptionCryptocurrency SurgeEconomic ShiftsElection OutcomeinflationJavier MileiPolitical ImpactPresidential Primaries
Share76 Tweet47

Related Posts

Germany Bitcoin Price Surge

Germany’s Crypto News Spurs 4.5% Bitcoin Price Surge Amidst Recovery

by Satoshi Nakamoto
November 21, 2023
0

Germany's crypto news has had a significant impact on the Bitcoin market, resulting in a 4.5% surge in prices. This...

Argentina Bitcoin President

Argentina Elects Bitcoin Advocate: BTC Price Soars to £37,530

by Satoshi Nakamoto
November 21, 2023
0

Argentina has just elected a pro-Bitcoin candidate, Javier Milei, as its President, and the impact on the cryptocurrency market has...

Bitcoin Price UK

Bitcoin Price Soars: UK Investors’ Interest Peaks Ahead of Halving Event

by Satoshi Nakamoto
November 19, 2023
0

The recent decline in Bitcoin and other cryptocurrencies has created a volatile market. However, UK investors are showing increased interest...

Spot Bitcoin ETF Approval

Spot Bitcoin ETF on the Horizon: BitGo CEO Mike Belshe Cautions Against Over-Optimism

by Satoshi Nakamoto
November 19, 2023
0

As the possibility of a Spot Bitcoin ETF approval gains traction, industry experts are weighing in on the potential outcomes....

Bitcoin Halving 2024: What to Expect and Prepare For

Bitcoin Halving 2024: What to Expect and Prepare For

by Satoshi Nakamoto
November 17, 2023
0

With the upcoming Bitcoin halving in 2024, it's essential to understand the potential impact on Bitcoin's value and prepare accordingly....

Load More
  • Trending
  • Comments
  • Latest

Is BlackRock Secretly Influencing Bitcoin Price? Here’s the Truth.

September 19, 2023
Crypto casinos: The new ‘Wild West’ hooking gamblers

Crypto casinos: The new ‘Wild West’ hooking gamblers

September 19, 2023

This Week's Crypto Snapshot: TIA and YFI Soar; GAS, TRB, MKR … – Bitcoin.com News

November 17, 2023

Critics Alarmed as 2 Major Mining Pools Dominate Over 50% of … – Bitcoin.com News

November 17, 2023

How to Increase the CRT ?

0

Theme with seo optimization

0

Increase the theme speed by seo optimization

0

Promote the theme by google adsense

0
Germany Bitcoin Price Surge

Germany’s Crypto News Spurs 4.5% Bitcoin Price Surge Amidst Recovery

November 21, 2023
Crypto Market Update

Crypto Market Update: Altcoins Waver as Bitcoin Dominance Hits 51.6%

November 21, 2023
Crypto Funds Inflows

Crypto Funds Gain Traction: Inflows Surge for BTC, ETH, ADA

November 21, 2023
Bitcoin Options Record

Bitcoin Options Boom: Deribit Hits Record $15B Open Interest

November 21, 2023
  • About
  • Contact Us

© 2021 BitcoinPress

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2021 BitcoinPress