November begins to give way to the last months of the year 2022, with the urgent need for a change in the trend of cryptocurrencies, where many digital market analysts have indicated that the floor level could be around 10,000 dollars in the case of Bitcoin. If you are absorbed in digital crypto assets, you should know about the course for getting an excellent bitcoin wallet.
Values that could be alarming compared to the historical highs reached almost a year ago, investors who stick to the market phases of digital assets remain on the lookout.
A quite convulsive year has passed from the perspective of the adoption of cryptocurrencies by countries where they were considered illegal, as happened with Russia.
It is essential to highlight that digital assets are highly vulnerable to the opinions and expectations of the market; consequently, there is no regulatory entity that controls them; the fluctuation of prices occurs in a decentralized way due to the free play between supply and demand.
Financial aspects that have affected Bitcoin
The desire of the users of the active crypto market to acquire a role similar to that of gold in the financial or investment market seems to be getting further and further away in a situation that finds no end.
Considering Bitcoin as a digital asset of value reserve in the face of extreme market conditions does not seem to be the most logical; it has become much more volatile, but just as it has decreased in value, the moment in which the crypto winter passes all those who did not enter crypto investments could be vigilant to take advantage of the changes.
Bitcoin and the other cryptocurrencies that have been acquired are pretty interesting since a few years ago, the prices of these financial instruments were not considered, and today their decrease or increase is followed up, viewing them as part of the financial market.
The resounding fall that the exchange platforms have had has left the cryptocurrency market and its users to the point where this type of action, such as declaring bankruptcy of the essential crypto exchange companies, decreases the price of digital currencies, making it difficult to increase.
However, the corporate sale of digital assets, as was the case with Tesla, which sold its Bitcoins, leaving a more conservative amount in reserve, also caused the market to be affected even though the operation was published extemporaneously.
More than excessive regulatory intentions
Many international organizations and governments are focused on the regulation of cryptocurrencies to protect users of the digital financial market, in addition to being able to monitor the use of exchange platforms and digital currencies so that they do not engage in fraudulent or illegal operations.
On the other hand, there is the possibility of tax withholding for the profits obtained by crypto users because the State does not benefit from this type of transaction. From there, large sums of money could be easily used for the social and economic growth of the nations.
All these aspects add up points against crypto assets, making them much more vulnerable and volatile without managing to balance the market, in addition to considering the creation of their digital currencies for each country; consequently, the economies have been submerged in a crisis where the issue of money accentuates it.
Cryptocurrencies shelter for some a risk for others
The increase in the value of gold possibly diverted the eyes of investors who saw Bitcoin fall and that today its value has decreased by more than 70% compared to the High of November 2021.
The comparison of gold with Bitcoin arises as a reflection of what will become the leading cryptocurrency in the digital market; today, we see that it struggles to stay and not let external conditions lead it to lower values; the market phases have cost many millions from dollars to Bitcoin.
Suppose it is evaluated from the view that digital currencies are a risk. In that case, traditional financial assets are, too, unlike the fact that the latter is backed by the shares or assets of a company, while the trust of its users only supports digital currencies.
Conclusion
Emerging economies are the ones that have found tremendous potential in digital currencies. However, it is also true that users in powerful countries have managed to generate millionaire fortunes; everything depends on waiting for it to happen at the end of the crypto winter.
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