This week we have seen significant movements in the crypto market. How has this affected Bit2me and what trends are observing among investors?
We have seen a series of triggers that have been able to activate this downward movement in the price of Bitcoin and the active crypto. It all started, because on Friday of last week with an attack that was made by the Lazarus group, which is a group of north Korea hackers, to the Ethereum network through a transaction that was made on a foreign platform, in a multifirma system, where they managed Transaction, sent to an address that was from the attackers, was not the recipient, who at first wanted to send.
Then, 1,500 million were stolen, that led the platform to have to sell reservations, to have to borrow and there has been a widespread fall, why? Because they have had to liquidate Bitcoin positions, Solana and other cryptocurrencies to cover the funds that users had.
On the other hand, we are in an environment of a lot of geopolitical instability, especially with comments from Donald Trump, yesterday we saw that they were put again or that they consider putting tariffs on the European Union, in addition to the previous comments that were already made of Mexico, Canada and China, and all that had a negative impact.
In the Bitcoin market and cryptoactives, in addition, we have to consider that leverage is something very common and this, what does it mean? It means that when there is an aggressive movement both up and down, we see that there are many positions that are settled. In this case They have been more than 1.2 billion dollars And the falls have been important, taking Bitcoin from historical maximums that were 109,000 to touch the 82,000 where there is an important support for this asset.
We have also seen an environment where memecoin have exploded in recent months, and I think that has been gasoline to the fire so that, when there is a correction, it has been even stronger, right? In spite of all this we must say that when we have seen moments of extreme fear, The indicator of Fear Indexfear and greed, Last year there were two, specifically, one with a litigation that had the sec with the previous administration, Gary Gensler to Binance and Coinbase in the United States that caused the fall in the markets and, another, in summer that we all remember that it was the carry trade From Japan, with that fear that Yen continues to lose value against the dollar and the rise in interest rates of the central banks, in this case that of Japan.
Then, that took two minimums or two maximums of extreme fear and, were moments in which now, seeing the graph in perspective, they were good times of purchase. Now we are at the same levels of fear we had in those two specific moments.
What does this mean? That in the medium and long term this can be an opportunity to buy this fall and that, if the behavior of the bitcoin price and cryptoactives in the previous cycles of 2021 and 2017 are met, we would remain around the 280 days of bullish impulse. This type of pullbacks are common, although we are in a bullish market, they are pullbacks we have seen between 3 and 4 for each cycle, so those who are not accustomed understand that they also give them a bit of a slope, right? But as I say, there are 280 days left, we will see what happens I think there will be a recovery in the next few days accompanied by good news in the sector, and that is what we are seeing.
With the increase in regulatory pressure in several countries, how is Bit2me preparing to adapt to possible changes in regulations?
In the end, Bit2me is a company that is Spanish, we have been operating for 10 years, We have always worked with the regulationswith the regulation, with the supervisors, here in Spain, with the Bank of Spain making that mandatory registration that requested since 2021 for all the exchange that they operated with the sale of cryptoactive exchange, we did.
We have all the guarantees in terms of AML specifications, terrorism financing, that filter that we have to cover, and then also of course, with the CNMV, which, which We have constant conversations to get that mica license Then we are adapted, we have the team of compliance, We are constantly receiving recognition and awards and, I believe that the next few weeks, months, we will have the famous Mica license that can be requested throughout this year 2025 for the suppliers of sale and cryptoactive service.
We have had to make adjustments within the company to adapt the requests requested by the European Commission to operate in all the countries of the Union segregation of funds, audits, governance and this type of issue, we are handling it and well we think that soon There will be very good news and the Mica license for Bit2ME can announce.
Bit2me has been expanding its ecosystem with new tools and services. What news can users expect in the coming months?
One of Bit2me’s keys to have also been successful in recent years is the amplitude of tools and services that we have, as are all known. We have the wallet which is the basic tool to buy sell and exchange bitcoin and everything even more cryptocurrencies, we have more than 300 on the platform, very simple. We have a recurring purchase system to avoid volatility and be able to do dollar cost averag No? Making a monthly, weekly daily purchase, of the amount we agree, that we believe is interesting.
We also have a card that It can be connected to the purses that we have integrated into the platform And it allows you to pay in traditional datáphones, already go to a supermarket, go to the theater, go on a trip, it is like having a MasterCard card, which literally the agreement is with this company, and what it does is a swap automatically to pay.
We have the high frequency trading platform where we are increasingly even, and where pFor those most sophisticated investors because they can put limit order, spotIn a high frequency trading graph with Japanese candles, right? The famous tool we all have to make investments we have the launchpad, That is a shuttle service, new projects, new token that go to the market.
We have a service of staking, very interesting, what allows you is that, if you have cryptocurrencies Of the type that are you can deposit them in, generate a bonus, a reward, which we would understand as an interest of a lifetime, which gives us for example, the bank, what happens is that in the case of Bitcoin and the cryptoactives the profitability or the percentage is higher, right? It is around Bit2me also depends on the type of use type that you want to give to the platform, but it goes from 2% to 6 and a half percent, for example in the stablecoin, In USDC, which is the currency that is complying with the Mica requirements and that is attached to the dollar, one by one, we can annually deliver 6.5% simply by having the dollars within the platform.
And then we have a training academy always BIT2ME has been very oriented to dissemination and the education of this new technology, so that the adoption is safe, we have more than 400 articles in Spanish, we have courses at different levels, so that all users can do it, and I encourage everyone to try it, to study it, to deepen and what comes in the coming months in Bit2me is an expansion of the niche or the sector that we work Original that it is from Bitcoin and cryptocurrencies, which is therefore the famous block chain, blockchain, and this is the vertical Stx, which is a division that allows you to token financial assets to create markets for public debt touching, or touch of corporate bonds, etc.
We have already done an issue that was a success of 300,000 euros with a 4%profitability, a sandbox of the CNMV, I think it will be the most important advance.
And then the territorial expansion, the opening in other markets, in Argentina specifically, where we have already deployed the services of the platform, and can already be operated then with Argentine weight.
One of the challenges of the sector remains education and mass adoption. What strategies are Bit2ME implementing to bring cryptocurrencies to the general public?
On the one hand, what I have commented on the academy, that I encourage everyone to enter because it has articles written segmented by all the theme that may interest it, be it the economic part, be it the political part, be it the technological part, the investment with different strategies, we have a lot of content and many free hours, both in audio, in text, or even in video, and we have it organized according to the terminology.
We also have courses and we are also collaborating with universities, in fact we are constantly trying that new generations can access the first -hand knowledge of this technology. For example, with the European University, where we have already done a lot of classes, also in Carlos III, in the CEU San Pablo, where we share a little what all this technology consists of, what a gear consists of, such as Esbit2me, which is a bridge that connects these two worlds, in the world fiat with the world of Bitcoin and cryptoactives, so that the step is facilitated.
Of course, we do intense work through all networks. I encourage people who are interested in knowing a little more about this world to follow Bit2me networks. If someone wants to follow me, my profile in all the networks is Javier Bitcoin, all together and on LinkedIn, Javier Pastor Moreno, and what we are trying to disseminate and publicize the latest news of everything that is happening, the novelties, and the analysis of the sector, to separate the straw from the wheat.
Because it is true that, many people, maybe they see a holder in a traditional, economic media, and stays little with that idea. I tell everyone that one of the functions we have exchange, In this case we, Bit2me, is trying to evangelize and try to disseminate on a technology that is very important globally And that will impact us all sooner or later.
Cryptoactive investment is not fully regulated, it may not be adequate for retail investors due to its high volatility and there is a risk of losing all the amounts invested.