Bitcoin jumps after Javier Milei's victory in Argentina. 🚀🚀🚀

Bitcoin (BTC) was stable for most of the weekend, but began to react on Sunday night (19) after liberal economist Javier Milei won the presidential race in Argentina.

Milei, elected with almost 56% of the votes, is a supporter of the largest cryptocurrency on the market. He has already said that Bitcoin represents the “return of money to its original creator, the private sector”, in addition to being “a natural reaction to the central bank coup”.

Self-described “anarcho-capitalist”, Milei defends the closure of the Central Bank of Argentina. In a recent interview with the newspaper El País, he said that it is necessary to take the money printing machine out of the hands of politicians.

“Milei’s ambitious vision of a dollarized, market-friendly, small-state Argentina will finally be put to the test,” said Adriana Dupita, Bloomberg Latin America economist.

At around 8am this Monday (20), BTC operates up 2%, at US$37,316. In 30 days, the digital asset rose 24%, driven mainly by optimism surrounding the launch of an ETF (index fund) in the USA with direct exposure to cryptocurrency.

Altcoins (any crypto other than BTC) are also trading in the positive camp this morning. Ethereum (ETH) rises 4% to $2,041 and XRP (XRP) advances 2.70% to $0.62.