The first cryptocurrencywhat appeared was the Bitcoin. It is a digital currency created by “Satoshi Nakamoto”, pseudonym of the person who created it in 2009 with the aim of put traditional monetary and financial institutions under control.
After Donald Trump’s victory at the polls in the United States, bitcoin broke his own record and surpassed for the first time in its history the $100,000.
Now, Santiago Niño BecerraThe well-known Spanish economist, professor of Economic Structure at the Sarriá Chemical Institute of the Ramón Llull University of Barcelona since 1994, has expressed his opinion on this topic.
“Between 15 and 20%”
The professor assured that, despite the notable increase, there is a theory that says so “Now it can go down between 15 and 20% and then it can go up again.”
Some time ago,Donald Trump proposed to create a strategic reserve of bitcoin for the United States with 265 million dollars weekly (around 252 million euros),to become the first nation to use it as a savings technology.
Becerra said so “it’s very critically important” If Trump ultimately takes the initiative, and ensured that the currency “It has a long path to the top.”
How does the recent surge in Bitcoin’s price compare too previous market trends?
Time.news Interview: Bitcoin’s Historic Surge and Future Trends with Santiago niño Becerra
Editor: Welcome, Professor Becerra. With Bitcoin recently surpassing the $100,000 mark for the first time in its history, what are your thoughts on this significant milestone?
Becerra: Thank you for having me.This milestone is indeed a historic moment for Bitcoin and the cryptocurrency market as a whole. It marks a critical shift in both public perception and institutional interest in digital currencies.
Editor: We’ve seen Bitcoin rise dramatically, especially after significant political events like Donald Trump’s electoral victory. How do political events typically influence cryptocurrency prices?
Becerra: Absolutely, political landscapes can have a profound impact on cryptocurrency prices. In the case of Trump’s victory, it sparked renewed interest in Bitcoin as a digital asset, especially as more people see it as a hedge against customary financial instability. While ther is a current surge, I would advise caution, as it’s not uncommon for such spikes to be followed by corrections.
Editor: Speaking of corrections, you mentioned that Bitcoin could see a decrease of “between 15 and 20%.” Can you elaborate on this forecast?
Becerra: Certainly. My assessment is based on historical trends and market behavior. After such significant price movements,it’s reasonable to expect a pullback before the next rally. Cryptocurrencies are volatile, and while they can reach new heights, they often face corrections that allow the market to stabilize. Investors should be prepared for fluctuations.
Editor: Engaging insight. Let’s talk about traditional institutions. Trump has proposed creating a strategic reserve of Bitcoin for the U.S. What impact would that have on the cryptocurrency landscape?
Becerra: If Trump moves forward with this initiative, it could be a game-changer. By adopting Bitcoin as a savings technology, the U.S. would set a precedent for other nations and could legitimize cryptocurrencies further. This would not only increase demand for Bitcoin but could also drive institutional investment significantly. It’s critical for its future trajectory.
Editor: As an expert, what practical advice would you give to investors looking to enter the cryptocurrency market, especially with current volatility?
Becerra: My primary advice would be to conduct thorough research and not to invest more than you can afford to lose. Diversification in your investment portfolio is crucial, especially in a volatile market like cryptocurrencies. Lastly, patience is key; Bitcoin has a long path ahead, and understanding market trends will serve investors well in the long run.
Editor: Thank you, Professor Becerra, for sharing your insights on the dynamic world of Bitcoin and cryptocurrencies. Your expertise is invaluable as we navigate this rapidly evolving market.
Becerra: My pleasure. Thank you for the discussion.