Analysts at Bloomberg highlight an increased interest in Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. by investors, as well as the separation of their behavior from the decisions affecting traditional markets and fiat fiat currency is “legal tender” backed by a central government, such as the Federal Reserve, and with its own banking system, such as fractional reserve banking. It can take the form of physical cash, or it can be represented electronically, such as with bank credit. currencies.
***
Un nuevo informe publicado por la dirección de Bloomberg Intelligence reveals that cryptocurrencies and their associated markets are growing stronger by the day, especially in light of the inflationary outlook affecting the U.S. economy and being felt in many other countries.
Bitcoin consolidates its position among investors
The observations and points made in the report published by Bloomberg come from the conference Bitcoin 2022 held in Miami, before which they state that “what is happening to advance money and finance in the XXI century is unstoppable”, so cryptocurrencies have a fundamental role in this change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. that has been brewing over time.
At the outset, the report points out as strengths for Bitcoin the growing institutional participation which goes hand in hand with a decrease in the volatility a statistical measure of dispersion of returns, measured by using the standard deviation or variance between returns from that same security or market index. of the main digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency, aspects that contrast with the situation of other more traditional risk assets. This difference makes it increasingly attractive for investors to participate in the market an area or arena, online or offline, in which commercial dealings are conducted. of the main cryptocurrency, as they do not face the most frequent obstacles seen in the main stock markets.
One of the most noteworthy suggestions made by the team is that this could be a very good time to invest, as they explained that those investors who choose to sit this one out without allocating at least a small portion could suffer the consequences later on.
Support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. in figures
The statements quoted in the report are backed up by many figures, including a comparison between the evolution of Bitcoin and the stock index NASDAQ 100. The latter suffered a 20% drop while the leading digital currency currency is a medium of exchange that defines value. only fell 15%, which puts BTC into the risky asset category.
But despite this last reading, other indicators point to the fact that Bitcoin is deviating from central bank policy decisions, which reflect a slightly declining market in light of the current outlook. This would indicate that while economies are affected by the current conditions, the major cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. would be rising and holding much stronger than traditional currencies.
Regarding the U.S. economy, although analysts are projecting a possible downturn for Bitcoin and the main cryptocurrencies because of the measures implemented by the US Federal Reserve (FED) to deal with the inflationary outlook, they also point out that many investors would choose to hold firm and not sell their BTC (HODL) acortando el posible impacto que esto pueda tener. La lectura viene a la luz de la gran cantidad de nuevas direcciones que irían sumando bitcoins, así como otras más antiguas que también siguen este mismo patrón acumulativo a pesar de la baja en los precios.
In conclusion, the team of Bloomberg highlights the following idea:
“We see great potential for Bitcoin to continue to do what it has been doing for most of its existence, outperforming most traditional asset classes.”
The idea of Bitcoin como “digital gold”. and store of value
The reading presented by the Bloomberg seems to go hand in hand with the thesis and perspectives that many analysts have been presenting for years, which propose that Bitcoin could be an excellent store of value due to its deflationary properties, even having the possibility of displacing gold as the main asset of this type.
However, for many this reading is still very utopian, not because of the potential it has. Bitcoin but because of the large amount of capital capital is most commonly defined as the large sum of money you would use to invest. that moves in the gold market. The data published by CompaniesMarketCap.com reveal that the precious metal moves about USD $11,948 billion at the time of publishing, while BTC capitalizes about USD $753,491 million, so the difference is still quite wide.
La condición para que Bitcoin comience a desplazar al oro como reserva de valor viene dada porque el mercado del metal precioso comience a ver como su capital se desplaza hacia el sector de la moneda digital, pero todavía hay mucha incertidumbre en el panorama regulatorio internacional como para que esto se materialice en el corto plazo.
- Multimillonario Paul Tudor Jones aún tiene Bitcoin: “Es difícil no querer apostar en largo por cripto”
- Billionaire Warren Buffett: I wouldn’t buy all the Bitcoin in the world for $25 USD
- Brian Armstrong, CEO of Coinbase, predicts there will be one billion cryptocurrency users in next decade
Source: Bloomberg , BitcoinMagazine
Version by Angel Di Matteo / DiarioBitcoin
Imagen de Unsplash
