Founder of Mercado Libre: Bitcoin is essential because governments cannot devalue it
Marcos Galperin believes that cryptocurrencies will have a leading role in the finances of the future.
The executive was clear in saying that bitcoin (and cryptocurrencies in general) are the future of finances since they offer new possibilities to their users. This is especially under the framework of how governments act when they require funds and resort to new debts, which increases the fiscal deficit.
When you see the fiscal deficits that exist in all the governments of the world, having a currency that governments cannot devalue, such as bitcoin, is absolutely fundamental to me, and I also believe that it is a currency that gives freedom to people and individuals independently of governments, and I believe that this is super valuable for society, for people
The Dollar Makes You Poorer Every Day, Bitcoin Is Your Only Way Out
Since the 1970s, the Federal Reserve has issued 24,912.02% more dollars, from $72.5 billion to $18.1 trillion, while US debt grew 5,785.44%, from $591 billion to $34.8 trillion. Although the S&P 500 returned 8,851.20% in that time, Bitcoin has exceeded all expectations.
Since 2013, Bitcoin has risen 102,403.73%, and if we calculate since its creation in 2009, its return is 6 million %! As governments continue to devalue their currencies, Bitcoin becomes the best option to protect the value and grow people's wealth.
JP Morgan and Standard Chartered bet on bitcoin's potential despite falls
In a recent report, JP Morgan analysts point out that the escalation of the conflict between Israel and Iran, as well as the US presidential elections, which will be held on November 5, will probably support a kind of 'weakening trade' that favors both bitcoin (BTC) and gold.
According to JP Morgan, a victory by Donald Trump and the Republican Party would not only boost bitcoin from a regulatory perspective, but would reinforce this trend through tariffs that raise trade tensions, as well as an expansionary fiscal policy. These analysts also point out that, in most other asset classes, the probability of a Trump victory is not discounted.
For their part, Standard Chartered analysts believe that investors would do well to buy the dips in bitcoin, since the queen cryptocurrency has the potential to revalue strongly in the coming weeks. According to these experts, bitcoin is not a hedge against geopolitical factors, as gold or Treasury bonds might be, but against "traditional financial issues, such as bank collapses." $BTC $ETH $BNB #TopCoinsSeptember #Bitcoin! #Bullrun2024.
$BTC The Wolf of Wall Street was in Argentina and revealed how he invests his enormous fortune
Jordan Belfort, the real Wolf of Wall Street, visited Argentina for his wife, the model Cristina Invernizzi, and detailed how he invests his enormous fortune.
Specifically, Belfort, who was played by Leonardo DiCaprio in the film The Wolf of Wall Street (2013) by Martin Scorsese, mentioned that he invests practically all of his portfolio in bitcoin and the S&P 500 index.
Later, he clarified that, as for bitcoin, he initially did not trust the cryptocurrency and even believed it was a scam, but changed his mind after thoroughly investigating its explosive bullish behavior. #Inversiones #btc70k #Bitcoin!
Whales know something we don't. Are they about to trigger the next Bitcoin bull run or are they just accumulating for a deeper correction? What do you think?
The crypto market is bleeding. Hopes for a recovery are fading in the face of growing uncertainty. What future awaits Bitcoin? âż#crypto#bitcoin#crash#inversor #TourCoin
The cryptocurrency market is crashing. The conflict in the Middle East and doubts about the Fed's next decisions are causing chaos. Will this be the beginning of the end?#crypto#bitcoin#marketcrash#crisis