Argentina poll: 58% lose trust in Milei after $4.6B Libra crypto scandal
Portfolio Pulse from
A recent survey by Zuban Córdoba reveals that 58% of Argentinians do not trust President Javier Milei due to his involvement in the Libra cryptocurrency scandal. The poll, conducted with 1,600 participants, shows declining approval ratings and growing public skepticism about Milei's leadership following the controversial crypto token endorsement.
March 27, 2025 | 12:00 pm
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NEGATIVE IMPACT
The Libra token surged to a $4.6 billion market cap after Milei's endorsement but then experienced a nearly 94% decline within hours. A federal judge has opened an inquiry into the token's release.
Milei's controversial endorsement and subsequent distancing from the token, combined with potential legal scrutiny, significantly impacts Libra's market perception and value.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100