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The Breakdown

A Primer on Argentina's New Pro-BTC President Javier Milei

The Breakdown

Blockworks

Investing, Business

4.8806 Ratings

🗓️ 21 November 2023

⏱️ 17 minutes

🧾️ Download transcript

Summary

Javier Milei has won the Argentine presidential election. What will it mean for the country's economy? Is he really as pro-Bitcoin as Twitter is making him out to be? NLW provides a primer. Today's Sponsor: Kraken Kraken: See what crypto can be - https://kraken.com/TheBreakdown Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0

Welcome back to The Breakdown with me, NLW.

0:09.0

It's a daily podcast on Macro, Bitcoin, and the Big Picture Power Shifts remaking our world.

0:19.0

What's going on, guys? It is Monday, November 20th, and today we are talking about the winner of the Argentina elections.

0:25.0

Dark Horse Libertarian, pro-dollarization, and maybe even pro-Bitcoin candidate, Javier Miele.

0:32.5

Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord.

0:41.6

You can find a link in the show notes or go to bit.ly slash breakdown pod.

0:45.1

All right, friends, welcome back to the breakdown.

0:48.3

Today, I am going to try to give background and context on the election of Javier Miele. If you have been on Bitcoin Twitter at all,

0:55.5

you have, I'm sure, seen tons and tons of tweets about it. And while I am by no stretch of the

1:00.9

imagination, any sort of Argentina expert, it is a place that I've been a half dozen times.

1:06.2

It's where I orange-pilled my father-in-law. It's a place where I have relationships with people who are in the

1:11.5

crypto community locally. And any time that something becomes a key narrative point, it's always

1:16.9

worth investigating a little bit deeper. Now, on the flip side, media has made up its mind about

1:21.4

melee in some fairly dramatic ways as well. So hopefully this serves as a way to get an expansive

1:26.2

point of view on this person who is now

1:28.4

in this leadership position. So first the details. Like I said, Javier Miele has won the Argentinian

1:33.8

election to become the next president. He gathered 55% of the vote, defeating incumbent economy

1:38.7

minister Sergio Masa in the head-to-head runoff election. Masa has officially conceded in a

1:43.5

speech so peaceful transfer

1:44.8

of power doesn't appear to be a major concern. Masa said during his speech, obviously the results

1:49.7

are not what we expected. I have contacted Javier Miele to congratulate him. From tomorrow,

1:54.0

the responsibility of providing certainty belongs to Muley. Now, he is said to take office on December 10th,

...

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