The next president of Argentina will be Javier Milei after his opponent Sergio Massa conceded on Sunday evening, saying “Argentines chose another path.” With roughly 87% of the votes counted, Milei had 56% of the tally versus Massa’s 44%, according to Bloomberg. Trading quietly through most of the weekend, bitcoin began rising late Sunday afternoon on chatter about a strong showing for Milei. Following Massa’s concession, the crypto is higher by around 2% over 24 hours at $37,150. “We have to understand that the central bank is a scam,” Milei said earlier this year when asked about bitcoin. “What bitcoin is representing,” he continued, “is the return of money to its original creator, the private sector.”
