Bitcoin Presidential Candidate Javier Milei Faces Run-off Election

Javier Milei, Argentine presidential candidate faces run-off election

Javier Milei, a pro-bitcoin presidential candidate, fell short in the first round of the Argentine presidential election, setting up a run-off with economy minister Sergio Massa on November, 19. Over 90% of the votes counted; Massa led with over 36% support, while Milei trailed with just over 30%. To attain victory, candidates needed 45% of votes, or 40% with a 10-point lead. Milei strives to reduce government size, eliminate Argentina's central bank, and adopt the US dollar, similar to El Salvador's Bitcoin-friendly approach. Massa aims to propose a central bank digital currency to combat inflation, as Argentina faces economic challenges.