The Bank of America (Bofa) organized an event – baptized “Argentina Day” – which lasted two days. During the same, the participants, among which were Investors, economists and political scientistsThey said that The scandal that involves Javier Milei with the alleged scam of the $ Libra cryptocurrency It will remain, at least in the near future, as a simple anecdote.
In detail, the Argentine president is involved in accusations after having promoted the Cryptocurrency $ Libra Through its official X account, it generated that the value of the asset suddenRug Pull“After a week with turbulence, Milei traveled to the United Stateswhere he hopes to meet with Donald Trump to get crucial support.
What do they say on Wall Street after the $ Libra scandal
After some days of agitation, the markets begin to leave behind the controversy that generated the Promotion of a cryptocurrency by the Argentine President. Argentine actions started loose yesterday in the US market, but they ended the day with ups to up to 4.5%. YPF and Vistaof the energy sector, were the actions that marked the path of improvement.
According to the Infobae media, the climate among the attendees of the Bofa event was positive. Although the scandal had a global impactinvestors seem to trust that controversy behind, even in the short term.
The “Day Day” participated Claudio Irigoyen, former Central economist and currently Chief of Bofa Global Research. Executives of most companies that are traded in the stock market were also present, such as Banco Macro, Cresud, Edenor and Genneia.
For its part, consulting firm 1816 stressed that, beyond the $ Libra scandal, Argentina’s macro continued showing positive news. The latest official data shared by the Government shows inflation of 2.2% for January – The lowest recorded since 2020 – and Financial and commercial surpluses during the first month of the year.
Another key point in the reading made by the presentation of the event carried out by the Bofa is that Javier Milei does not seem to have lost governance despite the scandal. The vote that took place yesterday in the Senate (where The necessary votes for the formation of a investigative commission) marks that the libertarian leader maintains, for the moment, supports and agreements with different sectors of the policy.
Despite this, bonds have a little more lifted head. They remain in negative terrain so far this week, with the expectation placed on the news relative to The negotiations with the IMF.
Meanwhile, the Argentine president traveled to the United States where, during Thursday, He held a meeting with the businessman and now an American official, Elon Musk, and then with the head of the IMF, Kristalina Georgieva. From the surroundings of Milei they hope to meet – even briefly – with Donald Trump to receive a boost that calms the agitation for the question $ pound.
Javier Milei met Elon Musk and gave him a chainsaw
President Javier Milei met Thursday with billionaire Elon Musk in the USA, Within the framework of his trip to the conservative summit of the CPAC. During the meeting he gave him a chainsawsymbol of your government.
The businessman and the president shared in which They discussed the global economic situation and the Reconfiguration of the international board. The meeting of the Argentine delegation with the tycoon, who currently officiates as an advisor to the president of the USA, Donald Trump, It was held at a Maryland hotel.
Milei Musk chainsaw.jpg
“President Javier Milei met in the United States with the businessman and director of the Government Efficiency Department, Elon Musk, To whom he gave a replica of the chainsaw in his office“The president’s office reported in a statement. The meeting It started after 15 hours and lasted approximately 45 minutes.
According to the government, the meeting was held in a relaxed climate in which both highlighted “the urgency of deregulating the economy and emphasized the importance of Give the cultural battle on all fronts to fight visions such as John Maynard Keynes“In addition, they agreed on” the damage that state regulations “to the development of countries and their economic growth.
In addition, they assured that both shared “The vision that the concept of social justice is a way that the poor continue to vote for impoverishing‘”
President Milei arrived at the meeting accompanied by his sister, Karina Mileiholder of the General Secretariat of the Presidency, Together with the Minister of Economy, Luis Caputo, Foreign Minister Gerardo Werthein and spokesman Manuel Adorni.
The relationship of the Argentine head of state and the richest man on the planet is the less fluid. Since the libertarian arrived at the Casa Rosada they have gathered in multiple opportunities. The first one took place in April 2024 when they visited the Tesla gigaphabic in Texas.
The businessman confesses in social networks as a follower of Milei’s policies. “I am a big fan of the president“He admitted in a video during the Welt Economic Summit conference, held in Berlin last January, Although the video began to circulate through the networks this weekend.
Source: Ambito
