Eric Demuth, the CEO of Bitpanda, said that the days of confusion and indifference about Bitcoin are over
Eric Demuth, the CEO of Bitpanda, said that the days of confusion and indifference about Bitcoin are over, and shared his opinion with Cointelegraph en Español, about what has happened with Bitcoin in the last time.
„There’s no denying that Bitcoin has proven to be an established, high-performing asset. In 2020, its value grew more than 300% as more institutional investors took the leap to embrace digital currencies,“ said Demuth.
Bitpanda believes that the price increase of Bitcoin is for institutional money
„We are seeing how this crypto currency has begun to form part of the diversification strategy recommended for institutional investors and investment banks. This fact underlines the importance of this asset in the investment world,“ he added.
In this scenario, he also said that from the Bitpanda platform they are noticing „a spectacular increase of new private clients that enter the market daily, indicating the beginning of a rally never seen before“.
„Although with possible ups and downs, Bitcoin is about to become the gold of the 21st century,“ said Demuth.
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On the other hand, Alejandro Zala, Bitpanda Country Manager in Spain, said:
„Bitcoin is not the only player in the crypto world. Just one day after Bitcoin surpassed $34,000 for the first time in its history, Ether joined the party, consolidating its strength in the first days of 2021 with advances of up to 43%“.
According to Zala, in a moment of uncertainty like the present one, it can be confirmed that the crypto currency rally does not show signs of weakness and other currencies are following the upward trend.
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„The main financial players are strengthening their portfolios for 2021 and are looking for protection against a scenario of low long-term interest rates and a rise in inflation due to the monetary injection of the ECB,“ said Zala.