Bertrand, former CEO of the Italian Stock Exchange and the London Stock Exchange, explains how the raw material crisis and the current situation are making both the stock market and government bonds volatile.
The following is the situation described by Nicolas Bertrand:
Today there are big ups and downs. Wix rose to 33%, and it was 15% in 2020, and the stock market is very nervous. Interest rates and profits are the main determinants of prices and this time around the pandemic there are many uncertainties regarding both variables.
Inflation on the one hand, the highest day in 40 years, the price of coal rose 281% in one year, the price of gas rose by 284%, and the price of wheat rose by $6 a bushel. , $11 price; So there is pressure on prices. But due to the macroeconomic situation and multiple risks, corporate profits can also be affected and this creates uncertainty about profits.
Result: Investors cannot turn to government bonds or the stock market and all this is fueling volatility.
Thus, the uncertainty surrounding investors’ experience may turn to digital currencies such as bitcoin, but it appears that this asset exists as well. Size smaller than pre-crisis size:
The world of digital assets is still young and grappling with what happens in the traditional world, it is not yet free. According to Statista 2022, the number of wallets in the world is around 90 million as of now.
The $1 trillion investment in digital assets is less than the global assets under management. But technological innovation continues. ,
In short, cryptocurrencies are the near future, but they will still have to grow and spread to savers’ wallets in order to expand the base. A generalization of wealth even in the eyes of the average person.
The development of cryptocurrencies and the digital euro should be given more space, according to Nicolas Bertrand
Reasons why bitcoin and cryptocurrency will be a lifeline in the future
Why Bitcoin Future and Cryptocurrencies in General, It’s Pink According to Bertrand, It’s About Their Characteristics It cannot be controlled.
Unlike fiat currencies, which are manipulated according to needs through expansionary or restrictive policies of central banks, bitcoin cannot be changed, for example, through outside interference.
As envisaged by the Nobel Prize winning economist, Friedrich von HayekAlready in the middle of the twentieth century, it was believed that coins should not depend on central banks, fallible subjects, but only on the market.
According to the former CEO of Piazza Afari, the potential of blockchain is enormous and that central banks, rather than demoting BTC, should focus on creating, developing and deploying the euro in a way that is consistent and adjusted to other digital currencies. Can go market opportunities It offers to address and engage the large number of new and very young investors who are making the web their home.
In this new digital age, the web is becoming a parallel spiritual but real reality, and the economy that develops is a new source of cash Which should be attacked to take advantage of new opportunities.
Nicolas Bertrand’s Conclusion on Cryptocurrency
These days, the Crypto Conference 2022 was also held at the FICO Itali World in Bologna, where Nicolas Bertrand, in an extensive speech, also returned to talk about cryptocurrencies and The potential of this great strategic asset,
“The importance of cryptocurrencies and digital assets cannot be denied now, not just by numbers. We are facing a new, highly innovative industry with disruptive potential. Above all, everything the new generation needs. Friendly.
Suffice it to say that one in 10 Milan trams have Bitpanda ads, and the biggest football and Formula 1 teams are sponsored by companies such as Binance, FTX, Bybit, Crypto.com and DigitalBits.
Reflecting on how important this is for countries like Italy, he called upon institutions and professionals to be more courageous and take advantage of the opportunities available in this world.
