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From Peso to Bitcoin?? Could Argentina Adopt CRYPTO??Milei won Argentina's presidential election amid persistent and rising inflation across the country. Milei once referred to Bitcoin (BTC). Argentina's Milei, So Far Shunning Bitcoin, Devalues Peso by More Than 50%. The government's official rate is now pesos to the dollar. Argentina's new government has officially legalized the use of Bitcoin and other cryptocurrencies for contract settlements and payments.