Bitcoin price in international markets

The reasons for this trend are several. “First, hibernation has passed and as this asset had fallen 90% it was cheap for some investors,” said Guillermo Valencia, of the Macrowise firm, indicating that demand has been growing significantly.

In the second instance, the expert points out, many institutional investors, surprisingly, are getting into the cryptocurrency business. “Several actors have entered the custodian business, such as Fidelity. Others like Goldman Sachs and some pension funds in the United States have also appeared on the market, ”he said.

According to him, although fear about these types of assets still exists, many investment decision makers see potential in this market and that is why they have sought business options.

What characterizes cryptocurrencies?

While the nature of cryptocurrencies is that the intermediary for transactions disappears, the custodian figure begins to open up and creates more credibility. “It is clear that for this type of assets there must be a third accredited actor who knows where bitcoin come from and that they are really listed somewhere,” said Valencia.

Currently, in your consideration, there is a bit of euphoria and that explains the behavior of this asset.

However, the medium and long-term outlook is promising, as Macrowise comments in a recent report. “Is the winter for cryptocurrencies over?” Is the document that states that the firm really believes “that the digitization of assets is the first step towards the next financial revolution.”

The report notes that there may be several triggers for bitcoin. The first of these is a technical issue: the offer of bitcoins is limited to 21 million units.

This is associated with the task of “mining” by computer experts who are releasing blocks of computing capacity and such success is paid, but in a decreasing manner. This basically implies that the bitcoin offer will be tightened over time and that, consequently, everything is resolved through the price. The next important event in these game conditions will occur in 2020, Macrowise explained.

Without a doubt, cryptocurrencies, because of their novelty, represent a very interesting asset for many actors, despite the criticisms that other experts have made, since they consider that this asset may end up related to illegal activities since the origin of the resources Invested will always be difficult to follow. That fear persists.

Even so, bitcoin and the other cryptocurrencies are assets that today star in an important market area. Many are aware of what may happen with these transactions.

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