Ángel Luis Quesada, CEO and Co-founder of Onyze, in which he offers the digital asset custodian's perspectives on bitcoin and the digital asset market for the second quarter. He points out the possibility that "we will break all the barriers seen until now, even exceeding the valuation of 100 thousand dollars"
In his opinion, to the current bullish trend it is necessary to "add the proximity of the next bitcoin halving, which is surely also generating its effect on the valuation." "It is possible that this halving in the issuance of new bitcoins will have a smaller impact on the market than on previous occasions, but what is certain is that its effect will not go unnoticed," he indicates.
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Ángel Luis Quesada (CEO & Co-founder of Onyze): "The next bitcoin halving may have less impact on the market than on previous occasions"
The day-to-day life of our banking clients at Onyze tells us that there is an upward trend in bitcoin. And it is possible that we will break all the barriers seen so far, even exceeding a valuation of $100,000.
To all this bullish inertia that has been generated with the entry of liquidity into the market, from the approval of the ETFs, we must add the proximity of the next bitcoin halving, which is surely also generating its effect on the valuation. It is possible that this halving in the issuance of new bitcoins will have a smaller impact on the market than on previous occasions, but what is certain is that its effect will not go unnoticed by investors.
On the other hand, and in a little more than the medium term, we also foresee that there may be a correction in the coming months, as there usually is in all markets when investors give way to liquidate their profits; thus reducing demand levels and increasing the volume of supply of these assets in the market.
An example can be seen in assets such as Polkadot or Solana, which are seeing a good influx of liquidity in recent months, which pushed their valuations close to historical highs before falling drastically due to investor profit-taking, and later returning. to bounce
The near future of digital assets in the financial field is promising and is characterized by a clear trend towards integration and innovation, thanks, in large part, to the approval of the European Union Cryptoasset Markets (MiCA) regulation. It won't take long to see how anyone can open a bitcoin account in a bank and deposit their investments there, delegating trust to the banking entity.
In the short term, the main factor that can cause a change in trend in the price of bitcoin are American ETFs. Specifically, the moment in which the volume of daily income they receive begins to decrease.
Source: Territorioblockchain.com
