Argentinian Markets Hang In Balance As Pro-Bitcoin Presidential Candidate Javier Milei Sweeps Primary Election: 'Did Not Expect These Numbers'
Portfolio Pulse from Benzinga Neuro
Pro-Bitcoin presidential candidate Javier Milei's unexpected lead in Argentina's primary elections has caused uncertainty in the Argentine market. Milei, who supports a 'dollarization' of the economy, has not advocated for Bitcoin to be used as legal tender in Argentina. His victory could lead to further instability in Argentina's financial markets, similar to a crash in bonds and currency values in 2019 following an unexpected primary result.

August 14, 2023 | 10:32 am
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The unexpected lead of pro-Bitcoin candidate Javier Milei in Argentina's primary elections could potentially impact the price of Bitcoin. However, Milei has not advocated for Bitcoin to be used as legal tender in Argentina.
While Javier Milei's lead in the elections could potentially impact the price of Bitcoin due to his pro-Bitcoin stance, it's important to note that he has not advocated for Bitcoin to be used as legal tender in Argentina. This could limit the potential impact on Bitcoin's price.
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