The victory of Javier Milei’s party in the legislative elections in Argentina unleashed a historic Monday for stocks. The Merval stock market soared almost 31%, measured in dollars, marking its steepest rise for a single day in the last three decades.
This rebound meant profits for savers and stock market investorsboth Argentines and foreigners, who find in the official discourse hope for what the world needs: cutting monetary issuance to avoid inflation and breaking excessive regulations to boost freedom and the economy.
“Today is the best trading day of my life,” a foreign investor who has bought Argentine stocks since Javier Milei was elected president two years ago told CriptoNoticias. According to him, his investment it appreciated more than 20,000 dollars (USD) on Monday.
Although his portfolio at some point during the year had losses of $7,000, the trader maintained that he stood firm and increased his exposure. This is waiting for the polls to revalidate support for the economic path that Argentina is taking.
“I bought more Argentine stocks when people were bearish in September,” he said about this risky move that ended up being a success. For now, however, his decision, in line with the movements that continued in the market on Tuesday, has not been to take profits.
An economic paradigm shift
The leap in the Argentine market comes in an international context where Awareness grows about the impact of monetary emission and government measures in the economy and in people’s freedom.
In this panorama, there are those who see the ideas promulgated by Milei as something key at a global level. “The elections in Argentina are the only elections in the world that matter,” considered the saver, who is not totally dedicated to trading, but This seeks to prevent your money from being eroded.
“The day Milei disappoints me will be the day I come out to say that the fiscal deficit is not so bad, that a little inflation is not bad, that we have to raise taxes, impose withholdings or nationalize companies. Can you imagine it? Me neither,” he commented.
The radical discourse against the Central Bank and public spending financed by emission has resonated beyond Argentine borders, inspiring sectors that see the printing of money as one of the main causes of the deterioration of purchasing power and the loss of value of national currencies.
This It is also reflected in the rise of bitcoin (BTC) to a new all-time high price, close to $126,000 this month. While some turn to assets such as stocks with potential upside due to pro-market measures, several of them and others invest in the digital currency against inflation.
Bitcoin’s appeal lies partly in its finite supply, unlike a fiat currency like the dollar: only 21 million units will exist, and it is not issued by any central entity such as a government. These characteristics attract its growing global adoption, as CriptoNoticias has reported.
In the end, the recent euphoria in financial markets, seen in both Argentine stocks and bitcoin, is not just a local phenomenon, but part of a broader movement of capital that is betting on independence and scarcity in different spheres.