Pro-Bitcoin Javier Milei trails as Argentina’s presidential election goes to run-off

Pro-Bitcoin (

Milei has also called Bitcoin a reaction against “central bank scammers” and claimed fiat currency allows politicians to scam Argentines with inflation.

Massa, on the other hand, has pledged to launch a central bank digital currency (CBDC) if elected to “solve” Argentina’s long-lasting inflation crisis and has squashed the idea of adopting the dollar.

The vote comes amid 40% of Argentines facing poverty and tiring of the country’s mounting debt crisis. Annual inflation is also closing in on 140%.

Argentina will again head to the polls on Nov. 19. The candidate with the most votes will win the presidency for a four-year term.

Magazine: Unstablecoins: Depegging, bank runs and other risks loom