Cointelegraph en Español spoke with Felipe Erazo, within the framework of Blockchain with Latam, in Lima, Peru. The XM.com Pro Trainer and believes that we are already exiting the bear market cryptographic.
Speaking to Cointelegraph en Español, Erazo said that regulation is helping to clear up doubts about the sector and considers that it is exiting the current bear market.
He stated that: “The bear market is ending, I believe that this regulatory issue is trying to get us out of that uncertainty in which the market has been living due to everything that happened with the FTX collapse. The market is recovering from these injuries and I think we are at a point for Bitcoin, for Ether, for cryptos in general, the top 10”.
In addition, he made reference to the turbulent moment that the market is experiencing, and in this sense he expressed that, despite this turbulence, users are starting to “to see some clarity in regulatory matters and this has been seen in the effect of cryptos, in the price of cryptos, like Bitcoin right now with the lawsuit against Binance, now Coinbase, which was a contrary reaction”.
In the same way, he pointed out that the markets are experiencing moments of adjustment and “bitcoin, for example, which we take as the parent cryptocurrency, is already seeing an opportunity to rebound”.
He adds that the data indicates that bitcoin is gathering strengthand everything is indicating that it is time to “live another rally in bitcoin”. He further indicates that this rally may still take time to arrive, but considers that these are interesting times for the crypto world.
The premise of regulation, globalized inflationary effects and problems in traditional financial systems seem to be making more and more users are approaching the crypto space. In this sense, the issue of financial education is importantand in this regard Felipe pointed out that: “It is important to educate yourself from a more practical point of view, technically, in on-chain readings as well, and Do not be guided so much by the Instagram influencer which tells you how well, buy bitcoin, buy, buy ether, but we need to know the why am i buying”.
Consider that It is very important to understand that when buying bitcoin or ethereum what you are really doing is holdingthat will be the relevant moment to understand as an investor or user, what type of market is developed in the world of cryptocurrencies.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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