The image of a presidential candidate destroying a model of the central bank with a sledgehammer will not leave Argentines’ memories for a long time. But once President-elect Javier Milei is seated on the throne on Dec. 10, will he still have the courage to follow a winding and risky path?
Argentina carries — with its nine defaults — the title of world champion in the category of defaulting on risk. It is currently the International Monetary Fund’s largest creditor, and with a credit risk assigned by Fitch Ratings as CCC — fourth from the bottom score — it needs to fundamentally change its economy.
Alexandre Vasarhelyi is a founding partner at BLP Crypto responsible for managing cryptocurrency funds. He became involved with digital assets at the beginning of 2017, after more than 23 years in the traditional financial sector, where he worked on proprietary trading desks including Banco Indosuez, Credit Suisse, Deutsche Asset Management, ING Bank and Banco Pine. He has operated fixed and variable income assets, currencies, options and commodities in local and international markets. He holds a degree in production engineering from Escola Politécnica of the University of São Paulo, a postgraduate degree from Rio de Janeiro’s Fundação Getulio Vargas (FGV), and an MBA from the Brazilian Institute of Capital Markets.