Elon Musk Thinks Argentina Will Prosperity with Its New Pro-Bitcoin President.

After Bitcoin (BTC)-friendly president-elect Javier Milei won the vote in Argentina, Elon Musk hailed his victory as the beginning of an era of prosperity for the Latin American country suffering from massive inflation and currency shortages.

Specifically, after Milei, a self-described Bitcoin-supporting anarcho-capitalist, won more than 55% of the vote in the second round of presidential elections, Musk commented on the post of X profile End Wokeness:

“Prosperity is ahead for Argentina”

Indeed, Argentina's new president has been very vocal about his positive views on Bitcoin, which he believes enables "the return of money to its original creator, the private sector," although he has yet to make a specific statement.

While discussing Bitcoin earlier this year, Milei expressed a very negative view of central banks, calling them frauds. He also called for the sacking of Argentina's central bank and the dollarization of the economy, which reached an inflation rate of 142% in October.

Meanwhile, Musk's interest in the crypto sector is well-known, as the SpaceX founder favors cryptocurrencies, including #Dogecoin (DOGE) and Bitcoin, over traditional fiat currencies and supports the idea that traditional currencies could be digitized through GPUs by 2030. it is a fact.

On the other hand, following the news of Milei's win, the first crypto asset briefly rose above the $37,500 level and is currently changing hands at $37,408, up 2.61% in the last 24 hours. #BTC has increased by 1.13% in the previous seven days and 25.52% in the past month.
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