“It would be good if the States invested part of it in bitcoin”: co-founder of Bit2Me

Businessman Pablo Casadio, co-founder of Bit2Me, a Spanish cryptoasset exchange founded more than a decade ago, has been optimistic about the future of the market. This was indicated in an interview with NoticiasVE, where he made known his opinion on various topics of current relevance in the ecosystem.

Regarding the progress of proposals in governments such as the United States to buy bitcoin (BTC), Casadio expressed his support for these conversations to begin to take place. “It’s a dream,” he commented. From his vision, he maintained:

“For me, bitcoin is value. For me, bitcoin is storing value for the future, long term. It is freedom. “It’s diversity.”

Pablo Casadio, co-founder of Bit2Me

Casadio applauds that today they are talking about all that and the question is put on the table: What does the euro or the dollar mean? “It’s trust,” he reflected on the response.

“In the end the euro or the dollar is worth more than the peso because of trust. Because ultimately there is no gold behind the dollar or the euro today. It’s pure confidence,” he says.

The specialist highlights that “putting bitcoin at the same level of trust is very important” because there it surpasses fiat money in value. The difference is that this digital currency cannot be issued unlimitedly, which favors its appreciation of the demand.

Precisely, its mining automatically decreases by half every four years through an event called halving. This process will end in the year 2140 when the entire available amount, which is 21 million units of BTC, is finished being extracted. On the other hand, fiat money generates inflation with its unlimited issuance at the decision of the government in power.

Bit2Me’s head stands out in this regard:

“That we begin to talk about bitcoin as a reserve of value, where there are only 21 million and the last one to be mined will be in the year 2140, it seems to me that it raises the spirit of privacy, it raises the spirit of fighting inflation ”.

Pablo Casadio, co-founder of Bit2Me.

The specialist highlights that today we depend on when the director of the European Central Bank (ECB) or the Federal Reserve (Fed) says “we need more dollars/euros, let’s print more.” “We are thinking of one or ten people who make a decision on a board of directors,” he highlights.

“Why do we have to trust ten people who decide at that level what inflation is around the world and not in bitcoin, which is a protocol completely foreign to the human being himself?” asks the businessman, confessing that he likes that this type of debate is taking place.

He also says: “I love that today the question is whether or not the United States will buy bitcoin.” With this context, he believes that It is logical that other national governments ask the same question.given the attributes of this asset and its long-term upward trend.

For Casadio, “it makes sense for states to diversify what they invest in.” “I think it would be good if part of it was in bitcoin,” he mentions. “Not that everything should move to bitcoin, but I think they do have to start thinking about this type of asset,” he exclaims.

“We expect a good first quarter”

In terms of markets, Bit2Me co-founder expects the bullish trend to continue in the short term. “The famous bull run which was expected began in November, the day after the American elections,” he indicated. As a result, that month was very good and December was even better, the specialist said.

After the effect bull run Bitcoin prices tend to follow cryptocurrencies in general on the rise with an altseason. In this sense, he remains optimistic about the future.

“We expect a good first quarter, as long as something strange doesn’t happen,” Casadio added. In his opinion, it depends a lot on what happens in the world economy, as well as on regulation, he added.

“I would like bitcoin to reach USD 140,000 base, but maybe it will go to USD 150,000 or USD 200,000,” he expressed his bullish hopes for this cycle. Whatever happens, he stressed that, historically, each bull run left a higher all-time high and then a bear market with a higher floor. Therefore, he expects this trend to repeat itself.

The statements took place in Buenos Aires, Argentina, after a conference in December that Casadio gave at the Regulation Day event, along with founders of other exchanges.

«Our natural expansion is the Spanish-speaking world»

Regarding the recent registration of Bit2Me as a virtual asset service provider (PSAV) in Argentina, Casadio said that this initiative was motivated by its expansion plans.

As an exchange born in Spain, it maintained that its natural expansion is the Spanish-speaking worldbeyond the fact that they operate in countries with other languages. Based on this, they focused on Latin America two years ago. Since then, they have launched products for Brazil and then Argentina followed in the roadmap.

“It just happened at an important moment in Argentina where the policy changed, entities such as the CNV, the FIU, the Central Bank are changing, and the regulation of PSAVs was created,” he said. “But Bit2me’s plans to enter the country came from much earlier,” he explained as a spokesperson for the exchange.

Regarding your opinion on the regulation of PSAVs, revealed that there are issues with which they strongly agree and others with which they do not so much.. “I think there is a lot of information burden, which doesn’t add up to much,” he distinguished about one of the factors that could be improved.

“Having to ask for and give information about what users do when they buy volumes retail $500, $600, it doesn’t make sense to me. Now, that they want to inform minority investors about ‘crypto’ seems optimal to me.”

He considered the latter to be “an excellent idea.” “Because I think it is also the way to filter out the exchanges that do things well from those that do things badly,” he said. In addition, in his opinion, it is a way to avoid falling into scams.

Likewise, the businessman considers that Regulatory regulations for the cryptocurrency industry in Spain could be improved. “I think it would be better if they required own funds based on the assets in custody,” he exemplified what corresponds to exchanges.

“The more millions of pesos, dollars, euros… that you are guarding, the greater the risk of losing the money that you are guarding for your clients,” he clarified. Therefore, he sees it as vital that the funds from the exchanges go online to the assets they are guarding.

From a global perspective, Casadio highlighted that there are many expectations about regulation. “We are in a world that is already beginning to be regulated and that can be positive,” he concluded in view of market growth.