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Bitcoin News

BTC Spikes in Argentina After Pro-Bitcoin Javier Milei’s Win

Bitcoin reaches all-time-high in Argentina Peso following skyrocketing inflation and pro-Bitcoin presidential candidate’s win.

Written By:
Gopal Solanky

Last updated: October 7, 2025 4:08 PM
Published 2023-08-17
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BTC Apikes in Argentina After Pro-Bitcoin Javier Milei’s Win

The south American country, Argentina sees a sudden spike in Bitcoin market as the pro-Bitcoin presidential candidate Javier Milei wins in the primary election. 

Bitcoin has recorded a local all-time-high of 10,287,857 in ARS (Argentina Peso) on 15th August. The current BTC rate is 9.9 million ARS, according to data from CoinGecko. 

Bitcoin Price in Argentina Peso

The surge in Bitcoin price comes amid Argentina suffering from one of the highest inflation rate across countries worldwide. Its national currency Argentina Peso is also losing its value in foreign markets.

The crypto lobby in the country is overjoyed following Milei’s lead as a potential president. Milei is popularized among the crypto community for its anti-central bank and crypto-friendly personality.

Milei has openly condemned the central bank and called it a scam against people. He has praised Bitcoin saying that, “Bitcoin is the natural reaction against the scam that are central banks.”

Also Read: Two Banks Got Approval to Issue Crypto Cards in Uzbekistan

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:ArgentinaBitcoin (BTC)
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Gopal Solanky, Senior Reporter for Markets and Protocols at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
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Gopal Solanky is a Senior Reporter, Markets & Protocols at The Crypto Times, based in Ahmedabad. He covers institutional crypto adoption, Bitcoin treasury strategies, DeFi markets, protocol ecosystems, Ethereum network activity, Hyperliquid, on-chain trends, and broader digital asset market movements. Gopal has been active in the crypto ecosystem for more than six years. Before joining The Crypto Times full-time in 2023, he worked as a freelance crypto content writer, developing a strong understanding of blockchain infrastructure, DeFi protocols, market cycles, token mechanics, and peer-to-peer systems. His reporting focuses on explaining how protocols work, why market movements happen, and how institutional and on-chain activity affects crypto investors and builders. At The Crypto Times, Gopal regularly writes market analysis, protocol explainers, breaking news, and technical breakdowns across Bitcoin, Ethereum, DeFi, altcoins, treasury companies, and Web3 infrastructure. He also hosts on-the-record interviews with regional Web3 founders, protocol teams, and ecosystem leaders. His work has been cited by external publications, including Vulture.com, in coverage of major crypto stories such as the Hawk Tuah memecoin controversy. His reporting has also contributed to The Crypto Times’ coverage of major industry events, including FTX-related developments, institutional crypto adoption, and emerging protocol narratives. Gopal holds a Bachelor’s degree in Computer Applications, giving him a technical foundation for analyzing blockchain systems, crypto infrastructure, and market data.

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