Does the tremor pass for $ Libra?: From Wall Street two funds they look with good eyes to invest in Argentina

After the scandal with the promotion by Javier Milei of the Token $ Poundimportant investment funds of Wall Street They analyze the situation in Argentina, and They concluded that the worst is already happening and that this controversy left new opportunities for buying local assets.

“This is the last chance to buy Argentina cheap, because I think it will rise drastically after the agreement with the IMF,” He told Bloomberg Line, Rob Citrone, founder of Hedge Fund Discovery Capital Management. He added: “Should he have gotten involved? No, but I think he had good intentions. This was not malicious, Milei was not trying to deceive anyone, and hopefully they learn from this.”

“The fundamental ones are still very solid, and that is the main reason”Citrone explained. “Most investors do not care about this because very few Argentines lost money. This is a game from China and the United States, a game from the crypto world.”

Then expanded when “Milei was deceived by these guys. They are very cunning guys” And that “he wants to be at the forefront of blockchain technology, cryptocurrencies are the greatest part of that and I am sure they told him that if they had a meme coin there and could benefit the Argentine institutions and small businesses, then They could start attracting more talent. “

“For investors, this incident will be seen in retrospect as a transpie. It will probably be another entrance chance [compra] For those who are late for New Argentina“Andrew Cummins, director of Capital Management Explorer. And said:” We have a very enthusiastic president. Who eats occasional communication mistakes. This was unfortunate and quickly correct the course. “

In turn, Bradesco BBI, one of the main investment banks in Brazil and Latin America, argues that the so-called “crypto-gate” will not have a material impact on the popularity of Milei. However, Labaqui warned that the incident could affect legislative dynamics. The consultant pointed out that the weakness of the opposition, the high rotation of officials and the lack of critical thinking within the administration led to a propensity to make non -forced mistakes.

“Milei’s high approval index and legislative support provide solid defense. In Latin America, leaders under political judgments generally lack popularity and legislative protection, two qualities that Milei possesses,” said Bradesco BBI clients report .

Much ado about nothing

The Argentine consultant 1816in a report entitled “for the market it was only noise”, he stressed that “both prior to Libra and in later days the macro continued bringing positive news.”

In fiscal matters, The report indicates that the Government maintained the primary and financial surplus in January, despite the expected year -on -year increase in real termswhile on the Argentine Front, he held the commercial surplus per fourteenth consecutive month, although it was reduced by an increase of 24.6% in imports.

The consultant warns that with the limit of the fixed monetary base and the banks administering their liquidity with Lefi, “there is not much space left to remummer the economy with weights”, so he anticipates that he anticipates The agreement with the IMF “will surely come with definitions about the future of monetary policy.”