What is your perspective on Bitcoin’s global adoption this year? What regions or countries are showing greater interest in this cryptocurrency?
This year what we have seen is a global adoption of Bitcoin For several reasons. One is the issue of inflation, then also due to conflicts and, by, last access to the banking sector.
For example in many Latin American countries, such as Argentina, we have seen that the adoption of Bitcoin and other cryptocurrencies has been very powerful in recent years due to the issue of inflation, and have had to adopt this technology to mitigate inflation of inflation Your fiduciary currency.
On the other hand we have also seen that wars or conflicts, such as that of Russia with Ukraine, also Bitcoin He had a massive adoption especially in Ukraine for donations theme and Russia to avoid the sanctions imposed by the US and Europe.
And then in many regions of Africa for example they have had to adopt Bitcoin technology Because many citizens do not have access to the banking system Then with Internet access 1 smartphone you can access this technology.
For example, in Europe we have seen that the Mica regulations have been adopted that this also helps that, among a lot Attract talent to their continents and their countries so that they can continue to develop this technology.
What do you think are the main obstacles faced by developing countries to adopt Bitcoin as an alternative or complementary currency to their traditional financial systems?
To begin with that they have a limited infrastructure, this also limits Internet access and that can be entered and operated in this market.
On the other hand, we also see the issue of volatility that, for example, in Argentina we have seen that they have a lot of inflation and have preferred to adopt Stablecoins as SDT, in front of Bitcoin, and the main reason is volatility. They prefer to be tied to the dollar, which is a very strong currency today, rather than Bitcoin that is still very volatile.
We also see that the issue of regulations and education is still a bit of behind, there is still much to advance these aspects.
And finally and the most important thing is that Governments want to continue keeping control And after all blockchain technology because you can operate without anyone controlling you.
What can be the catalysts of a global adoption of Bitcoin?
To begin with, the main adoption would be to regulate this market, Without regulation, institutional capital will not enter, Then the regulation is very important.
On the other hand, technological innovations because the interface, the user experience, that global adoption is easy and massive. It is very important that it is simple. We have seen for example in Bitcoin, Lighting Network, the Lightning Network makes a street -foot citizen I can buy fruit simply by scanning a QR And without having many knowledge.
Also the issue of inflation, the more inflation in the world, people tend to look for assets that are reserve of value, As in this case it is Bitcoin.
And for the last education. It is very important that people are educated, understand technology and understand how to use it.
In your opinion, what is the most promising use of Bitcoin globally? Do you think that your function as a reserve of value or as a means of payment will be more important in the near future?
Bitcoin was created and, in its origin, Satoshi Nakamoto, wanted it to be a means of payment, but we have seen that many countries already developed do not really need to use bitcoin as a means of payment because hOy in the day you can pay with your mobile phone and from your bank. So, the means of payments is being used in developing countries, but developed countries are adopting this technology as a value reserve.
Because they understand that Bitcoin has a limited offer, Their price tends to rise since the fiduciary currencies do not have a limited and good emission, the central banks do not stop printing money.
Then, the price of Bitcoin has become a reserve of value against inflation, and I believe that depending on the region it will be adopted more as a reserve of value in the case of developed countries, and as a means of payment in countries with high inflation and with bank infrastructure problems.
What role does Bitvavo play in Bitcoin’s education and promotion, both for rookie investors and larger financial institutions?
Bitvavo what it offers are educational resources for the retail investor. For example we have a page that is that of learn,bitvavo.com where we teach basic contents of how to use this technology.
Then too Bitvavo is focused on beginner traders and also advanced. She has two platforms, a very easy to use to start in this world and then, for those who are more advanced, they can always connect their API to their programs so they can do a more advanced operation.
And finally, Bitvavo what always fosters is the subject of security. It is very important to have connected and be present because it is very easy for you to steal cryptocurrencies, in the end it is a digital asset and today people are not yet prepared for all types of hackeos and scams. Bitbabo then puts all the tools so that your cryptocurrencies are safe.
As cryptocurrency regulations increase, how do you think this will impact Bitcoin adoption on more mature and emerging markets?
In mature markets we have already seen it in the US, the impact that ETF approval has had in January 2024 which has been the ETF with the highest capital entry in history. Then we have seen that there really was a massive institutional capital in Bitcoin
And in emerging markets the next level will be a bit, because if there are more and more institutions entering this market, The investor retail You also feel more comfortable and safe when investing, and more institutions will offer services to be able to enter this type of assets.
How far can Bitcoin arrive this year?
Well, there are many opinions. We have seen influencers and celebrities of the world of finance put concrete prices. I think it is impossible to know where the price will get at the end of this year. There are many scenarios, they depend a lot on the global economy, on macros, also on how it advances, if there are geopolitical problems. After all, it is impossible to estimate a price.
But it is true that all analysts, all the people who think about the price of Bitcoin They are always estimating that the price will be rise.
We are seeing, for example, Robert Kiyosaki, who will reach 500,000 in 2025, even Cathie Wood to one million in late 2030. There are opinions of all kinds, even Michael Saylor, which would be the main influencer of Bitcoin, which says that will reach 13 million. You have to take these figures a little cautiously because in the end it is not known.
But what we can know is that the image on the right that I really like is that Bitcoin It is not that its price rises, but the price of fiduciary currencies such as the euro and the dollar do not stop lowering with respect to their purchasing value, because they do not stop printing tickets, and this causes more inflation, and than The money we know today Well, losing money, Go losing value.