It is understood that cryptocurrency is high on the agenda of economic ‘revolutions’ for the self-proclaimed ‘anarcho-capitalist’ who is desperate to jumpstart the beleaguered economy of a nation crippled by triple-digit inflation, recession and poverty.
Official figures from the election put Milei with 56% of the votes – largely from the younger voters – against 44% for Peronist Economy Minister Sergio Massa whose campaign was, arguably, scuppered by what has been one of Argentina’s most crippling economic episodes in two decades.
Milei has vowed to bring what he calls ‘economic shock therapy’. The volatile politician has already declared he vows to shut down the central bank, ditch the peso, slash spending, and steer Buenos Aires towards decentralised finance through cryptocurrency.
Many critics have already stated they don’t believe Milei can help Argentina’s financial woes. The country has a staggering $44 billion debt program with the International Monetary Fund and 150%inflation.