Javier Milei Trails as Argentina’s Presidential election Goes to Run-off

Pro-Bitcoin candidate Javier Milei falls short in 1st round, setting up a Nov. 19 runoff against Massa in Argentina’s election.
Javier Milei (File photo: Reuters)

In the Argentine presidential election, pro-Bitcoin candidate Javier Milei did not win in the first round, hence a run-off vote will be held on November 19.

With over 90% of the votes counted, economy minister Sergio Massa leads with almost 36%, while Milei has slightly more than 30%. To win outright, a candidate needed 45% of the vote, or 40% with a 10-point advantage.

Milei, who was the frontrunner owing to his primary election victory, is an anarcho-capitalist who advocates for smaller government, the abolition of central banks, and a switch to the US currency, similar to El Salvador’s Bitcoin plan.

Massa, on the other hand, intends to create a digital currency to combat inflation and opposes the adoption of the US dollar. Argentina is facing poverty, a debt crisis, and rising inflation, with the run-off election planned for November 19.

The Argentine presidential runoff on November 19 shows a startling reversal, as pro-Bitcoin candidate Milei’s defeat highlights the country’s different economic views, making the decision crucial for tackling Argentina’s serious economic difficulties.

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