Argentina has welcomed Javier Milei as its newly elected president, with the libertarian candidate achieving a majority in the popular vote, surpassing his opponent Sergio Massa. Milei, who identifies as an anarcho-capitalist, has expressed his intention to dismantle the political “caste” which he accuses of failing the nation, boldly asserting earlier this year that the state “destroys wealth.”

Milei Triumphs in Argentina’s Presidential Race

At 53, the libertarian economist Javier Milei has claimed victory over the left-leaning finance minister Sergio Massa to become Argentina’s president. In a recent interview with Tucker Carlson, Milei, an advocate of free-market capitalism, attributed Argentina’s economic challenges to its century of socialist policies. The election on Sunday evening was a decisive run-off, following a tightly contested initial vote where Massa had a narrow lead.

Massa conceded defeat to Milei on Sunday before the final vote tally was announced. “The results are not what we expected, and I have contacted Javier Milei to congratulate him and wish him luck,” Massa stated to the media.

Milei has garnered support from bitcoiners and crypto enthusiasts, as the Argentine politician has been a vocal advocate for bitcoin (BTC), by saying it “represents the return of money to its original creator, the private sector.”

Additionally, Milei supports the concept of “dollarization” and advocates for the abolition of the country’s central bank, proposing to dollarize the nation as a remedy for its economic troubles. As the leader of Latin America’s third-largest economy, Milei faces significant challenges, especially with Argentina’s inflation rate soaring to 121% in October.

In the wake of Milei’s electoral success, “Argentina” and “Milei” have become hot topics on social media platform X, attracting millions of posts. Concurrently, major news outlets like the Guardian and the Washington Post have been quick to label Milei with terms such as “far right” and draw parallels between him and former U.S. President Donald Trump.

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