«We still did not see Bitcoin’s peak in this cycle,» says the CEO of the Exchange.
According to Beaudroit, BTC’s institutional investments are «a breeding ground that will explode.»
Manuel Beaudroit, the co -founder and CEO of the Argentine cryptocurrency exchange, does not believe that the market has yet entered a crypto -winter. In conversation with cryptootics, the businessman considered that the fall in Bitcoin prices (BTC) and cryptocurrencies responds more to geopolitical factors than to a cycle end.
«The expectation is that at one time the bull market (bullish cycle), ”he says. In his vision, the rates in the United States to imports from different countries and industries, which President Donald Trump put, They are postponing market growth.
According to the specialist, Trump tries with this strategy to rebuild the productive matrix of the United States, partly for «his serious debt problem.» However, as cryptootics reported, rates generate short -term inflation expectations and uncertainty about economic growth, which affects markets.
Según Beaudroit, A «species of cleaning» in the market is being lived, but the real peak of the cycle has not yet been seen. It detects as bullish signs that «there are governments evaluating Bitcoin and very large financial institutions investing in cryptoactive in general, including stable and active currencies of the real world (RWA).»
According to his vision, all that is «a kind of culture broth that will at some point explode.» «Today I think that process is basically delayed by the issue of rates,» he said.
Manuel Beaudroit during the interview. Source: Cryptonotic.
A new Bitcoin price record could come with the end of rates
Beaudroit proyecta that, Once the pressure exerted by Trump’s measures, Bitcoin (BTC) dissipates could resume the bullish cycle. «When that ends, that it cannot last forever, I think we are going to see the new maximum historical prices,» he says.
As for what price sees at most in this cycle, he replied that His desire is that he reaches $ 300,000 (USD), but he thinks more likely to end in somewhat smaller figures. He maintains that it can become, rather, between USD 180,000 and USD 200,000, which sees as «something feasible.»
On when it could happen, it was cautious: «He who wants to sell you who knows is a lie.» Although it emphasizes that the Bitcoin growth cycle has always been very tied to the halving, which occurs every four years, there are events external to the cryptocurrency ecosystem that have weight on prices.
He compared the situation with climate change: «Before it was always summer in January and February in Argentina and now you run a bit.» In this sense, in his opinion, it is prudent to see how the environment develops to see when Bitcoin could reach the peak of the current cycle.
At the moment, each bullish cycle that Bitcoin had ended in the year following its halving, an event that reduces its broadcast by half every four years. This can be found in the following graph.
Bitcoin price and dates of the halvings that were so far. Source: TrainingView.
«The cryptocurrency reserve that Trump made»: Beaudroit was not a good measure
Beyond tariff policies, Beaudroit said Trump’s arrival at the White House was quite good for the cryptocurrency ecosystem. «We came in a fairly hostile government towards what was crypt,» he recalled, which contrasts with the vision of the current president who seeks to maximize the industry in the country.
Belo’s CEO positively values Trump’s efforts to regulate the cryptocurrency ecosystem to «certainly give local players» and prevent situations such as de-banking. He indicated that the latter is the fact that they can get access to the financial system, which was something that happened in recent years.
However, The businessman was critical of some decisions of the president, such as the creation of a cryptocurrency reserve without focusing exclusively on Bitcoin.
«When you talk about Bitcoin reserve, it is where the subject should go, not any crypt, because it really is not the same. Today, what is a reserve of value is Bitcoin, because it is the only really decentralized and where you are certain of how time will evolve. Then, put a lot of other coins in the middle, I understand that, it has to do with diversifying a little, but I do not think it has been a good measure.»
Manuel Beaudroit, co -founder and CEO of Belo.
Bitcoin (BTC) reacts with high volatility to Donald Trump’s ads. Source: Image generated by Grok, by cryptootics.
The price of BTC would have a strong impact of government purchases
A fact that considered Beaudroit key to the future is that the Bank of International Settlements, which is the Central Banks Bank, determined that as of this year they will be able to have an exposure to cryptoactive of between 1% and 2% of all its reserves.
In his opinion, This drives that the central banks allocate billions of dollars to Bitcoin. Although, for the moment, governments like the United States are acquiring as reserve the cryptocurrencies that were seized of illegal cases, they are not buying.
«The interesting thing will be when they start buying, when they really start changing dollars to Bitcoin. That’s where you will start seeing much more pressure in the price of the asset.»
Manuel Beaudroit, co -founder and CEO of Belo.
The businessman summarizes that, «if 2% of all the money in central banks of the world goes to Bitcoin, that has to have a really great effect on the price.»
The Argentine State could buy Bitcoin but not in the short term
Accessed about a possible future in which the Argentine State Buy Bitcoin, Belo’s CEO was a short -term skepticsince President Javier Milei comes from «stumbles strongly with everything about Libra.» It should be remembered that this term is the name of the Token shared by the president in his launch and is investigated for fraud.
«I was very critical of the president in the sense that ‘you really cannot give yourself in the way you gave you’, because apart what basically attempts against the ecosystem in general,» Beaudroit said.
In his opinion, The libra case scandal caused an over -demonization of cryptocurrencies in Argentina. Therefore, he does not believe that the government soon gets involved with the ecosystem.
He considers that any attempt by the Argentine government to approach Bitcoin would be mediately linked to the Libra case. «Then, it seems to me that they will have to let a little time, and that is obviously a problem for a cost-opportunity issue,» he said.
The comments of the CEO of Belo arise from an interview conducted at the Merge event held on March 25 and 26 in Buenos Aires, Argentina, where Cryptooticias interviewed different entrepreneurs of the cryptocurrency industry and local and international officials.
«The conversation of the crypto industry and the Argentine government changed 180 °»
Regarding the regulatory sector, Beaudroit stressed that The business level relationship of the cryptocurrency industry with the Argentine government has improved With the entrance of Milei.
«There was a change of 180 degrees in terms of conversation with government entities, understanding that, with the new government, they are more pro -business and more open to understand to regulate since there is a communication channel,» he explained.
He indicated that from the “crypt” section of the Fintech Chamber, an open channel of dialogue with institutions such as the AFIP, the Central Bank, the FIU and the CNV is maintained.
«In the development of an industry it is essential that there is a good round trip, that the relationship is not unidirectional. Because that basically allows or prevents them from making bad decisions too,» added the CEO of Belo.
Beaudroit clarified that, in any case, deep knowledge is still at the government level about the industry because relatively recently began to internalize. In his opinion, that is an even greater incentive to link more with players in the sector.
As for the regulation of virtual asset services suppliers (PSAV), he said is quite good because it is not very heavy in terms of restrictions.
For the entrepreneur, The main objective of this regulation was to prevent Argentina from falling in black lists of the GAFIglobal entity dedicated to the prevention of money laundering and terrorism financing. «They regulated the activity, basically, to access international credits, which seems good to me, it seems strategic,» said Beaudroit.
Anyway, he warned that «we must avoid having a single regulation that matches innovation», highlighting the need for new ventures to arise without excessive barriers. It has to «allow two girls in an apartment to create the new Argentine crypto unicorn,» he exemplified.
In view of this, the CEO of Belo also considered that It is a matter of time for banks to be lifted in Argentina to offer cryptocurrency services. However, he acknowledges that traditional financial institutions have a strong risk aversion, which can prevent them from moving with agility in this ecosystem.
In short, for the co -founder of Belo, the regulatory and institutional signals are encouraging, as well as that governments are beginning to consider Bitcoin as a reserve. You only need to clear the geopolitical clouds so that, according to him, the market finally takes the market.
