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For Fabián Delgado, the education of people and institutions is vital for the progress of the sector.
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Will Hernández believes that Bitcoin could exceed 200 thousand dollars by the end of the year.
Gold fever today has a new protagonist: Bitcoin (BTC). This is held by Will Hernández, Bitfinex Business Development Manager for Latin America, who says that a phenomenon similar to that occurred is already observed when everyone wanted yellow metal, only now the Center for Attention is the creation of Satoshi.
«One of the things we are seeing is that institutions are already buying exorbitantly bitcoin to put that in treasury … So where are we going? We are going to see that part as when it was the gold fever, ”Hernández told Cryptonoticias during the Crypto Latin Fest event in Medellín, Colombia.
During the event, the cryptocurrency exchange specialist stressed that Industry conferences not only serve to inform, but have become business platforms: «This networking, this event, is more informative, but it is also a great business opportunity to know. And so, we support the industry.
As explained, Bitfinex supports the growth of new companies in the region, offering free White Label solutions to boost their expansion without needing to make large technological investments.
As part of this support, Hernández said that the company has promoted the tokenization of assets through the Bitfinex Securities service, the first platform to obtain a license under the Bitcoin Law of El Salvador. This, according to the manager, «is an opportunity for the entire region.»
According to a Bitfinex Securities report sent to cryptootics, Capital markets in Latin America face historical barrierssuch as high bank commissions, regulatory complexity and low levels of financial education, which limit both investment and capital collection.
Due to this scenario, company analysts highlight that tokenization arises as a practical solution, capable of drastically reducing issuance costs and shortening processes through which an asset, such as actions, bonds or other financial instruments, is registered and made available for negotiation in a market or platform.
The report also emphasizes that the fragmentation of the property and the possibility of operating in Trading 24/7 facilitate the democratization of access to assets that were previously reserved for large investors.
As an example, he points out that today it is possible Open the door to broader financial inclusion In a region where more than a third of workers are still in informality.
For Hernández, these types of cases confirm that «digital assets offer significant advantages for operations, payments and access to unattended communities, in addition to investment opportunities.»
The regulatory appearance was also central in the conversation. And it is that Hernández said that Bitfinex collaborates with governments such as those of El Salvador and Bolivia to promote normative frameworks on the sector: «Why? Because we need a healthy regulation and then make our legal team available to it ».
Regulation, education and future of Bitcoin in the region
After the regional perspective of Hernández, Fabián Delgado, Bitfinex business developer for Colombia and Latin America, offered a more focused vision of the local market and the relationship with the retail public: «I love how the traditional industry, such as banking, investment funds and other institutions, are being interested in adopting this type of technologies.»
Delgado stressed that, although Bitfinex has historically focused on the institutional sector, its infrastructure developed also simplifies access for retail users: «Although [las soluciones] They are adapted to the institutions, it will be much easier for retail to be able to access precisely this infrastructure that we have created during all this time, from 2012 to date ».
Regarding regulation, Hernández agreed that It can be positive if it is well raised: «A well structured, well -informed and well educated regulation is very positive for the country. This attracts capitals, brings growth of new companies and power those that already exist ».
However, he stressed that «the most important thing is education … from the citizen on foot to the great institutions, education is a supremely important pillar.»
Bitfinex Securities’s own report insists on this aspect, remembering that more than 68% of Latin Americans lack formal financial training, which constitutes one of the greatest challenges for the mass adoption of new technologies.
«Less than 2% of Colombians invest in the stock market and 68% of Latin Americans lack formal financial education. In countries like Peru, retail investors get to pay up to 11 times more in commissions than institutional ones ».
Bitfinex Securities.
How will the price of Bitcoin follow?
Finally, when he was consulted on what price he believes that BTC will reach, Delgado maintained a classic position within the community: «For me, a bitcoin is a bitcoin,» suggesting that it is not very important to focus on numerical projections to highlight the intrinsic value of the asset.
For his part, Hernández was encouraged to launch a forecast on Bitcoin: «I think it will reach about 250 thousand at the end of the year,» he said. Although he considered that The level of $ 200,000 will be a difficult psychological roof.
With Bitcoin quoting these days around $ 115,000 after reaching a historical maximum in 122,000 last week, Hernandez said that the upward trend is marked by the entry of institutions and countries that include BTC in their treasury.