Bitcoin

Bitpanda CEO claims the days of Bitcoin indifference are over

Bitpanda CEO Eric Demuth said the days of confusion and indifference to Bitcoin are over. and shared his opinion with Cointelegraph en Español on what happened to Bitcoin last time.

“You can’t deny that Bitcoin has proven to be an established and powerful asset. In 2020, its value rose by more than 300% as more institutional investors took the plunge into the digital currency, ”commented Demuth.

“We see how This cryptocurrency has become part of the recommended diversification strategy for institutional investors and investment banks. This fact underscores the importance of this asset in the investment world, ”he added.

Bitpanda CEO claims the days of Bitcoin indifference are over
Bitpanda CEO claims the days of Bitcoin indifference are over

In that scenario, he also said that on the Bitpanda platform, they are “seeing a spectacular increase in new retail clients entering the market on a daily basis, indicating the beginning of an unprecedented rally”.

“Although Bitcoin may have ups and downs, it will soon be the gold of the 21st century,” said Demuth.

On the other hand, Alejandro Zala, Bitpanda’s Country Manager in Spain, stated:

“Bitcoin isn’t the only player in the crypto world. Just a day after Bitcoin topped $ 34,000 for the first time in its history, Ether joined the party and cemented its strength in the early days of 2021, with gains of up to 43%. ”

According to Zala, this can be confirmed at a time of uncertainty like the current one The cryptocurrency rally shows no signs of weakness and other currencies are following the uptrend.

“The main financial players are strengthening their portfolios for 2021 and are seeking protection from a scenario of low long-term interest rates and a rebound in inflation due to the ECB’s inflow of money,” said Zala.

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