- calendar_today August 9, 2025
A recent survey indicates that Argentine President Javier Milei faces a severe threat to his leadership due to a significant drop in public confidence. The Zuban Córdoba poll, which surveyed 1,600 respondents during March 12-14 with a 95% confidence level and a 2.4% margin of error, found that 57.6% of Argentinians now display distrust toward Milei. The controversial LIBRA cryptocurrency scandal that caused numerous investors to suffer significant financial losses directly preceded this public sentiment shift.
The survey results show increasing dissatisfaction with the Milei administration. The increasing negativity shows steady growth without any signs of reaching a maximum limit. The government’s evaluation and public tone shift is becoming more defined as numerous political issues develop. The Zuban Córdoba report described a sequence of violent events as the defining characteristic of recent months while stressing the growing crisis perception among citizens.
A survey conducted over a month following the cryptocurrency scandal revealed that only 36% of respondents trusted Milei at the present time. When combined with the 36% who expressed trust, the undecided respondents made up 6.4%, thereby leaving the majority of the population expressing distrust. The incident poses a major threat to Milei’s reputation while undermining his leadership standing. A negative perception of him now exists among 58.5% of respondents, while 41.1% maintain a favorable opinion about him. The administration of Milei faces public disapproval as 58.4% of survey respondents reject his management, while 41.6% sustain their support. The statistics reveal an increasing rift in Argentine society about President Milei’s leadership methods and policies.
Key Insights:
Significant Distrust: The current level of distrust in President Milei among Argentinians stands at 57.6%.
Declining Trust: Following the LIBRA scandal, trust in President Milei has fallen to 36% among respondents.
Negative Perception: A negative perception exists among 58.5% of respondents towards Milei.
Government Disapproval: 58.4% of respondents disapprove of Milei’s administration.
Continuing Party Support: Milei’s La Libertad Avanza party continues to lead the election polls.
Financial Loss: Investors lost 251 million dollars as a result of the LIBRA crypto scandal.
The LIBRA cryptocurrency scandal that caused this loss of public trust began on February 14. Milei used his now-removed X account to advertise the new cryptocurrency. The token reached a market capitalization of over $4 billion within a matter of hours. The token’s value rose rapidly but fell by over 95% after early investors and alleged insiders sold their holdings.
According to blockchain analytics firm Nansen, insiders and bots made $180 million, but 86% of LIBRA investors lost $251 million. The financial disaster left thousands of investors who supported Milei in a state of shock from the dramatic effects.
Milei sought to separate himself from the LIBRA project by asserting he only shared information about it and never meant to support it. The explanation provided failed to address the public outrage or lessen the intensity of legal scrutiny. Multiple criminal complaints emerged against Milei and his associates following the event, which prompted Argentine authorities to conduct a federal investigation into the president’s role.
Milei’s La Libertad Avanza party maintains its lead position in pre-election polls despite the damage to his reputation. The party currently maintains 36.7% voter support while the opposition coalition Unión por la Patria holds 32.5%. The scandal has damaged Milei’s image and reduced public trust, but his political movement remains intact. The upcoming elections will test whether he can sustain his political relevance while facing growing public distrust and legal difficulties.
The current situation demonstrates how unstable public opinion is in Argentina while highlighting the political obstacles that Milei must overcome to effectively maneuver through the country’s intricate political environment. His presidential direction, along with Argentina’s political future, will be defined through his economic decisions, public statements, and LIBRA investigation developments. The survey findings reveal a decisive point in Milei’s political journey while emphasizing public trust’s fragility and the swift movement of political backing. The coming months will be critical for Milei to restore public confidence among Argentines and maintain his political viability.
