The «crypto dollar» quotewhich results from the price at which cryptocurrencies that follow the value of the US currency are exchanged, registers a significant rise tonight and exceeds $1,000after the first consolidated data confirms that the candidate for La Libertad Avanza, Javier Mileiwill be the new president as of December 10.
The purchase price of the «crypto dollar» (USDT, USDC or DAI, different «stablecoins» that are traded on the market) rose about 20% on average between 6 and 8 p.m., according to data from the CriptoYa portal, which analyzes the behavior of more than 20 crypto exchange platforms.
Until 6 p.m.At the time when the voting tables closed, the price of the main stable cryptocurrencies were trading in a range that oscillated between $920 and $990 per unit.
However, shortly after the elections closed, the price rose up to 20% on some platforms, reaching values between $990 and $1,350 per unit around 8 p.m.
The cryptoactive price is the only one that is maintained 24 hours a dayso the weekend continued to fluctuate, once the stock markets had already closed on Friday.
The libertarian economist promised in his campaign a dollarization of the economy, which would be the reason driving greater demand for safe haven assets, such as the «crypto dollar.»
At 8:10 p.m., the presidential candidate of Unión por la Patria (UxP), Sergio Massa, recognized the victory of Javier Milei and anticipated that «tomorrow» «liaison and transition mechanisms would be put in place so that Argentines, in the coming 19 days, have no doubts or uncertainty regarding the new functioning» of the country.
From the UxP bunker, in the Buenos Aires neighborhood of Chacarita, Massa also pointed out that, «starting tomorrow, the responsibility and task of providing certainty and transmitting guarantees about the political, social and economic functioning of Argentina is the responsibility of the elected president,» in reference to Javier Milei.