Bitcoin is already considered one more in the market, at least among a good part of investors. Beyond the controversy over regulation, in which there are also crossed interests and the precautions that must be taken when investing, the truth is that the panic mode that broke out on Friday globally, and in Europe in particular, it has also been felt in an asset that already loses more than 20% from its historical highs of the first days of this month.
A general trend that starts from that “legitimation”. Bitcoin, like the rest of listed assets, with its own rules such as this everlasting 24/7 quote, but increasingly established in investment portfolios as one more, makes you be a participant in the best, but also, in the worst, like that “omicron terror” mode unleashed in him, never better said, although with another meaning, “black friday “for the markets.
In his stock chart, we see how this weekend on the Coindesk chart, that abrupt descent of last Friday is reflected, even giving it greater depth on Saturday, to regain positions on Sunday despite the cuts being maintained. Now the asset, like the rest of the market, has to wait and watch events unfold as cases of the Omicron variant begin to be detected across Europe.
With everything from, in the past week Bitcoin moved with cuts of 8.44%, in the month the falls were 9.8%, although in the semester it accumulated advances that exceeded 47.5% and so far this year it rises by 86%, minimized gains due to the weekly falls. His background, since November of last year, it is still spectacular: 212% revaluation.
Some falls that also have been due to the strong expiration of options on Bitcoin last Friday. You know we are talking about put option contracts, which offer downside protection and push with spot haircuts.
In addition, we have known an interesting report that tells us that crypto assets, with Bitcoin in the lead, they are settling as an investment in Spain. Has published it Asufin, the Association of Financial Users which indicates that the most spectacular growth that occurs in the use of Fintec is due to cryptocurrencies, which reaches 11.2% of the population, what it supposes multiply by 2.1 times the users in just one year.
In fact, highlights that up to 4.4 million Spaniards invest in crypto assets, and of these, more than a quarter, 26.2%, already exceeds 6,000 euros of investment. In addition, only 59.1% of those who invest consider this investment as safe and 59.3% acknowledge that they earn money with it, compared to 28.8% who lose and almost 12% indicating that your investment is unchanged.
Although the most amazing results come from the level of investment knowledge, very unknown, which makes it clear the lack of financial culture that we still have regarding crypto assets, about which we have much to learn. And it is that more than 4 out of 10 of those surveyed consider that they do not have to pay taxes on their earnings or capital gains that it obtains, when it is the opposite.
What’s more, 70% of those who invest in crypto assets consider that they invest in platforms supervised by some body, such as the Bank of Spain or the CNMV. Among the conclusions of the study, an important maxim stands out: the more informed and more use the citizen makes of technology, the more he seems to be aware of all its risks. A trend that is not yet observed in the phenomenon of investment in cryptocurrencies, in which already They declare to invest 4.4 million Spaniards, and that almost half consider it a safe bet.
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