Last week in Lima, Peru, a meeting was held with Julian Pineda, Tickmill Market Analyst, who shared his perspective on the current situation of the crypto market and presented the opportunities that are glimpsed in the crypto environment.
Although volatility is an intrinsic feature of the crypto environment, it has recently experienced a rampant increase, generating significant instability.. This has led those who participate in the market, and even those who follow it from outside, to become alarmed and watchful of events.
According to Pineda, there is a determining factor in this situation and that is that, as the cryptocurrency market approaches the general financial system, that is, the traditional market, a similarity is emerging between the two and it is the instability present in them.
However, numerous crypto analytics platforms have highlighted persistent investor engagement, who do not give up and remain actively involved in the market without diminishing their presence. The same is true for the external audience, as the cryptocurrency market continues to generate wide appeal.
“What I find fascinating is that despite the volatility, the cryptocurrency market is still attractive in terms of comparative performance. If we compare the returns of cryptocurrencies, even just this year, the fluctuations are about 20% or 30%. higher compared to the stock markets, which theoretically are the closest in the traditional markets”, highlighted Juan Pineda.
According to Pineda, more data on stable consumption and “At a global level, data on stable jobs have also been recorded”, which means that the path towards economic improvement has begun.
Regarding venture investors, the market analyst considers that they will begin to migrate from bonds thanks to this economic strength that is just beginning to be woven. Which would also bring greater interest to the crypto market.
One point in favor of the crypto market compared to the traditional market is the return percentages. And the ideal that Pineda proposes is that people can choose the market that provides them with the greatest amount of return.
“Everything that happened tried to bring the two markets very close, but then it escalated even more with the inflation issue. However, at present it seems that we are returning to the pre-pandemic situation, where we have a market of cryptocurrencies practically isolated from what happens in all other financial markets”.
“That is the real challenge, that we go back there again because it was what made it really attractive, that was what caused the price of BTC to grow a lot at the time,” concluded market analyst Juan Pineda.
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