Following the presidential election in Argentina, the local price of Bitcoin approached its all-time high.
After far-right Javier Milei won the presidential election in Argentina, the Bitcoin price rose to 13.2 million pesos.
According to CoinGecko data, Bitcoin, which later declined, is traded at 13.18 million pesos.
Bitcoin price in Argentina on November 16, Milei as the strongest candidate When it started to be seen, it broke a record by rising to 13.37 million pesos.
“First of all, it is necessary to understand that the central bank is a fraud,” Milei said in an interview last year. “It is a mechanism by which politicians deceive good people with an inflation tax.” he said.
Speaking about Bitcoin, Milei said, “Bitcoin is a natural response to fraudsters in the central bank.” said.
Milei, who will be president until 2027, will take over from current President Alberto Fernandez on December 10.