Pro-Bitcoin Argentine Presidential Candidate Smashes Central Bank Model On Live TV

Javier Milei, a Bitcoin BTC/USD advocate and presidential candidate in Argentina, made a national TV appearance where he smashed a model of Argentina's Central Bank. 

What Happened: Milei appeared on the official TV Channel of the City of Buenos Aires on Tuesday where he was blindfolded and smashed a model of Argentina’s Central Bank into pieces using a stick. 

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

Why It Matters: Earlier in January, when Milei was asked if he believes it is possible to discuss Bitcoin as a means of payment in Argentina, he said that the core problem that people must first understand is that "the Central Bank is a scam. It is a mechanism by which politicians cheat the good people with the inflationary tax."

Last month,  Michael Saylor, CEO of MicroStrategy MSTR, suggested that Argentina might benefit from buying Bitcoin as a hedge against inflation.

As a matter of fact, due to persistent inflation in Argentina, the BTC-to-Argentine Peso (ARS) exchange rate reached an all-time high last week, at over 6.59 million ARS.

The exchange rate has since corrected to around 6.56 million ARS, which is still up more than 100% year-to-date.

Price Action: At the time of writing, BTC was trading at $29,156, up 2.04% in the last 24 hours, according to Benzinga Pro.

Read More: Bitcoin, Ethereum, Dogecoin Rise After Fed Rate Hike: Analyst Predicts Bullish Wave And $32K Target For King Crypto