Javier Milei was elected, he needs to fix the triple-digit inflation in Argentina, as well as the impending recession, and the price of Bitcoin has risen somewhat due to his friendliness towards cryptocurrencies, testing $37,500. During this bullish test, a large number of short bitcoin positions were liquidated, and the high level of spending in Argentina for a long time, as well as its dependence on external debt, led to the accumulation of fiscal deficits, which were usually solved by printing money, which in turn caused inflation, which affected the economic development of Argentina. It is the extreme inflation in Argentina that has led to the growth of interest in cryptocurrencies such as Bitcoin.