Argentina’s 2023 presidential candidate is a Bitcoin supporter

Javier Gerardo Milei getting significant support from the crypto sector over his Bitcoin-favoured statements, amid the 2023 presidential election.

Javier Gerardo Milei is currently a federal deputy from Buenos Aires. In the past, many experts compared this Argentine politician with former U.S. President Donald Trump and departing Brazilian President Jair Bolsonaro. Milei is also running for Argentina’s 2023 presidential election. 

Recently in an interview, Milei was questioned about the possibilities of Bitcoin to use in the payment system. Argentine politicians explained very well and slammed the traditional centralised money system.

Milei said:

“(Bitcoin) represents the return of money to its original creator: the private sector. Money is a private invention.”

Further Argentine politicians explained the significance of the 21 million maximum Bitcoin supply in the Bitcoin network and noted that after that Bitcoin will be able to compete with all the currencies in the world. 

“Bitcoin has an algorithm that one day it will reach a certain amount and there is no more and it can compete with other currencies.”

The Argentine politician also claimed that no one Government or Central Bank want to give up their legal tender because they can use that system easily to scam people with inflationary tax.

In last, Milei said:

“Bitcoin is the natural reaction against the Central Bank scammers and to make money private again. (…) In economies with high inflation, the scam problem is bigger. That’s why, as I suggest, you can propose to close the Central Bank.”

These statements passed by Argentine politician getting significant traction in the Bitcoin community and the majority of the people are comparing him with El Salvador president Nayib Bukele, who proposed & successfully introduced the Bitcoin law in his country to allow the citizens to use Bitcoin as a legal tender alongside the use of US dollar. 

El Salvador officially adopted Bitcoin as a legal tender in September 2021. For that decision, Nayib Bukele faced huge criticism from financial experts but at the same time, he grabbed significant support from the Bitcoin community. 

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