The price of Bitcoin in Argentina is approaching all-time highs after Bitcoin supporter Javier Milei finally won the Argentine presidential election.
After the news was announced, Bitcoin rose 2% from 13 million Argentine pesos to 13.2 million Argentine pesos. According to data from CoinGecko, Bitcoin is currently trading at 13.17 million Argentine pesos. It is reported that the historical high was 13.37 million Argentine pesos on November 16, when Javier Milei became the favored presidential candidate on the decentralized prediction platform Polymarket. (The Block)
It was reported earlier today that Javier Milei finally won the Argentine presidential election. Javier Milei has made relevant remarks in public interviews many times. After he was elected president, one of his important goals was to prevent Argentine peso inflation and the continued shrinking of people's wealth. Milei seeks to abolish the peso and the central bank and use the US dollar as legal tender.