Bitcoin-Supporting Candidate Javier Milei to Face Run-Off Vote in Argentine Presidential Election

Javier Milei, a pro-Bitcoin presidential candidate in Argentina, did not win the first round of the election and will now compete in a run-off vote on November 19th. With over 90% of the vote counted, economy minister Sergio Massa was in the lead with over 36% support, while Milei trailed at just over 30%.

Milei won the most votes in the country's primary presidential election in August, but needed 45% of the votes or 40% with a lead of 10 percentage points to win outright. The election comes amid Argentina's mounting debt crisis and annual inflation closing in on 140%.