Jose Luis Cava explains that the country that wants to dominate the world needs “artificial intelligence” and “abundant and cheap energy”but also “control the price of energy to make it more expensive for competing countries”. According to his vision, the United States already controls “the Panama Canal, the Red Sea, the Strait of Magellan and the northern route,” and also sought to control “the Strait of Hormuz.”
In this scenario he states that “There is a loser in this strategic game and it is China”which would have to buy “liquid natural gas from Russia, from Siberia.”
For the global economy, he considers that “oil prices have fallen, risk premiums have decreased and uncertainty has decreased,” which would allow “the global economy to continue growing” and that “Stock markets should continue to rise”.
The expert criticizes media alarmism and recalls that if the conflict lasts “8 or 9 days it has a temporary effect.” In fact, five-year inflation expectations were “around 2.56.”
In the markets, it stands out that the S&P 500 fell to 6,582, but it only represented “a decline of 7% from the highs”, while the VIX exceeded 30, reached the 35 area and has turned downwards.
Regarding Bitcoin, he emphasizes that, despite everything, “Bitcoin against the dollar is trading 70,000” and “is drawing rising soils.” He also considers it relevant that the CBOE launches “a Bitcoin volatility index,” which indicates that “all the instruments needed for institutional investment are already being built around Bitcoin.”
He concludes that the recent fear would have served to “Individuals would get rid of Bitcoin and strong hands would buy it.”