Argentine liberal President Javier Milei has ruled out the possibility of implementing his dollarization plan in 2024. In an interview with local media, Milei stated that although dollarization and free currency exchange are his ultimate goals in governing, there is not enough time this year to clean up the national economy and implement this goal.

Government led by Argentine President Javier Milei has decided to remove the proposal to legalize cryptocurrency in the bill submitted to Congress. The reason for the removal is that the cryptocurrency clause delayed the parliament's handling of the entire bill, so the government chose to withdraw this part and promote consensus issues.

Javier Milei has not voiced intent to adopt Bitcoin explicitly like El Salvador, but many of his policy positions naturally seem to lead in that direction.

Argentina's newly elected president, Javier Milei, promised economic reforms during his campaign. Sebastian Serrano, CEO of Ripio, stated that the specifics of the reforms will only be known after Milei's inauguration on December 10th, but regardless of what happens, stablecoins will play an important role in the financial lives of Argentinians. Serrano said that the cryptocurrency community in Argentina has responded enthusiastically to the election of this former economics professor. In October, Ripio, a cryptocurrency exchange based in Argentina, saw a 180% increase in new users, and on November 19th (the day of Milei's election), there was a 110% increase in new users compared to the previous month.

According to a report by Grayscale Research, the election of liberalist Javier Milei as the President of Argentina could potentially lead to a chain reaction in the traditional finance and cryptocurrency fields. Grayscale Research stated: "His presidential term may pave the way for greater acceptance and integration of cryptocurrencies in the Argentine economy, providing potential solutions to long-standing issues of inflation and financial instability."

While crypto enthusiasts are celebrating Javier Milei's victory in Argentina's general elections, it is important to note that his economic experimentation may cause economic hardship for many Argentines. Milei's political platform is not expected to include Bitcoin in the near future, as he has other pressing issues to address and cannot afford to anger the IMF. Despite this, the growing interest in Bitcoin in Argentina is likely to continue due to currency turmoil and inflation. While Milei's win is positive, it should not be viewed as solely a victory for Bitcoin or freedom, as his policies may have larger consequences.

Bitcoin Magazine posted on social media that election betting odds show that Bitcoin-friendly candidate Javier Milei has a 63% chance of winning the Argentine presidential election.