Elon Musk’s Thoughts on Argentina’s Bitcoin-Supporting New President?

• Elon Musk praised his victory as the beginning of a period of prosperity for the Latin American country suffering from significant inflation and currency fluctuations.
• Argentina’s new president has expressed his positive views on Bitcoin quite openly, stating that he believes the asset “returns money to its original creator, the private sector.”
• Following the news of Milei’s victory, the cryptocurrency briefly rose above $37,500 and is currently trading at $37,120.

After Javier Milei won the election in Argentina, Elon Musk commented on the matter in an X share: Here are the details!

Elon Musk Comments on Javier Milei

After Bitcoin-friendly elected president Javier Milei won the vote in Argentina, Tesla CEO Elon Musk praised his victory as the beginning of a period of prosperity for the Latin American country suffering from significant inflation and currency fluctuations.

Specifically, after Milei, who describes himself as an anarcho-capitalist supporting Bitcoin, won more than 55% of the votes in the second round of the presidential elections, Musk commented on the post by X profile End Wokeness: “Argentina is expecting prosperity.” Elon Musk also started following Milei’s official X account after Javier Milei won the presidential elections.

Indeed, Argentina’s new president has expressed his positive views on Bitcoin quite openly, stating that he believes the asset “returns money to its original creator, the private sector.” However, he has not yet revealed specific plans to make it a legal means of payment.

Earlier this year, when discussing Bitcoin, Milei expressed a very negative view of central banks, calling them fraud and advocating for the elimination of the Argentina central bank that reached 142% inflation in October, and the dollarization of the economy.

Elon Musk’s Crypto Interest

Meanwhile, Musk’s interest in the crypto sector is a well-known fact. As the founder of SpaceX, he supports cryptocurrencies, including Dogecoin (DOGE) and Bitcoin, preferring them over traditional fiat currencies and supporting the idea that traditional currencies can be digitized through GPUs by 2030.

Elsewhere, after the news of Milei’s victory, the cryptocurrency briefly rose above $37,500 and is currently trading at $37,120, representing a 2.61% increase in the last 24 hours, a 1.13% gain in the previous seven days, and a 25.52% progress in the last month.