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Peter Thiel sets up base in Argentina amid US political unease

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Silicon Valley pioneer Peter Thiel landed in Buenos Aires this April for a high‑profile meeting at the Casa Rosada with Argentine President Javier Milei. The visit marks Thiel’s first public appearance in a country where he has begun establishing a base of operations, signaling a rare alignment between a U.S. tech magnate and a right‑wing administration.

Thiel’s relocation stems from growing unease about U.S. political trajectories and a belief that Argentina’s libertarian‑reform agenda offers fertile ground for venture projects. Sources say he is eyeing investments in fintech, cryptocurrency mining and data‑center infrastructure, sectors that could benefit from Milei’s deregulation push and the nation’s low‑cost energy grid. He reportedly met with local venture funds and regulatory officials to map out incentives.

The move carries market implications: Argentine equities may attract more tech capital, while U.S. investors watch for capital flight. Thiel’s presence also raises questions about regulatory arbitrage and the durability of Milei’s reform agenda. For now, Buenos Aires hosts a tech figure whose activities will be tracked by financiers. Analysts predict that any venture could boost Argentina’s GDP growth beyond the 2% target set for 2026.