Public confidence in Argentine President Javier Milei has taken a hit following his alleged involvement in the $4.6 billion Libra cryptocurrency scandal, with nearly 58% of Argentinians expressing distrust, according to a recent poll by Zuban Córdoba.
The survey, conducted between March 12 and March 14 with 1,600 respondents, asked: “More than a month after the crypto fraud scandal broke out, how much do you trust Milei today?” Results showed that 57.6% disapproved of the president, while 36% supported him. Another 6.4% remained undecided.
This is the first time Zuban Córdoba has included this question in its polling. However, other indicators, such as Milei’s public image and national management approval, have declined sharply recently. The government’s approval rating, for instance, has dropped from 47.3% in November to 41.6% in March.
“Negativity surrounding Milei’s leadership is steadily increasing, with no apparent ceiling,”
Zuban Córdoba stated, noting that the political landscape is becoming more challenging for the administration as new controversies emerge.
A separate poll by the University of San Andrés between March 11 and March 20 showed Javier Milei’s approval rating at 45%. In contrast, a Morning Consult survey from February 27 to March 5 reported a 62.4% approval rating for Milei. Despite a scandal involving the Libra token, Milei denied any wrongdoing, claiming he only “spread the word” about it. After his endorsement, the token’s market cap soared to $4.6 billion but crashed nearly 94% according to Dex Screener data.
Notably, Argentina’s opposition party is calling for the impeachment of President Milei, but efforts to remove him haven’t gained much momentum. The controversy comes as the presidential election on October 26 approaches, with Milei’s libertarian party, La Libertad Avanza, leading in polls at 36.7%, while Unión por la Patria has 32.5%. Economic concerns remain, with only 43% of respondents believing Milei has handled inflation well and 63% opposing his bid for a new loan from the International Monetary Fund.
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