“You are not late for Bitcoin”: Andragnes

  • According to Andragnes, having academic training does not guarantee to understand Bitcoin.

  • The specialist affirms that, over time, Bitcoin’s success implies less risks.

Rodolfo Andragnes, founder of the Argentine Bitcoin NGO, recently shared a message about Bitcoin’s long -term potential (BTC), highlighting that understanding its foundations is increasingly simple over time.

In a publication in social networks, Andragnes, referring to an article in 2018, said that “being an economist, or Harvard professor does not mean that you have humility or the ability to understand Bitcoin.”

For the Argentine specialist, “the only thing Bitcoin needs is time” for each person to understand, so that society assimilates it or simply to become a reality that surrounds us.

His reflection contrasts with more skeptical positions, such as article to which Andragnes refers, where A Harvard economist minimized Bitcoin’s upward expectations (BTC)stating that, in a decade, it was more likely that BTC would be worth $ 100 to reach 100 thousand.

The article, signed by Kenneth Rogoff, Harvard professor and former chief economist of the International Monetary Fund, argued that Bitcoin’s value would probably be reduced to a minimum fraction of its price, after ten years. Rogoff argued that, beyond its use in illicit activities such as money laundering and tax evasion, the real use of BTC as a means of payment was limited.

From March 2018 to the date of writing of this note, the value of Bitcoin has increased from $ 9,242 to $ 120,231, according to data of tradingview, which represents an approximate growth of 1,201%.

Thus, Andragnes responds with the conviction that It is not too late to join the creation of Satoshi Nakamoto; On the contrary, he assures that betting on his long -term success is less and less risky. “You are not late for Bitcoin, it is simply easier to understand it and the risk of failure decreases,” affirmed.

In fact, the founder of Bitcoin Argentina pointed out a few days ago that, in the current financial context, those who do not allocate at least 20% of their assets to BTC are ignoring deep transformations in the global economic system. Besides, He clarified that this percentage should increase as the time to transfer that capital to the next generations approaches.

This perspective coincides with recent analyzes that place Bitcoin and Gold as assets with the best performance adjusted to risk in recent times, such as those who use the ratio of Sortino, which evaluates the returns considering only the negative volatility.

However, although both share key features, such as scarce active and shelters against inflation, Bitcoin differs by a maximum supply limited to 21 million units and its programability, which includes an event known as Halving, which reduces the issuance of new currencies periodically.

A shared posture: Saifedean Ammous and Bitcoin’s potential

Andragnes position resonates with that of influential figures of the ecosystem, such as Saifedean Ammous, author of The Bitcoin Standard.

As cryptootics reported, Ammous argues that, far from being in a very advanced stage, Bitcoin is barely beginning its growth and that the rise in its price does not represent a limit, but increases the probability of new advances. In this line, The economist believes it is a mistake to think that it is too late to invest in BTC.

According to Ammous, Bitcoin should not be compared to traditional actions or bonds, but must be understood as a higher form of money, whose potential market covers all cash balances globally, including physical money, bonds, gold and other shelter assets.

However, the finance specialist states about the inherent volatility of BTC and the importance of managing the risk properly, since the market remains influenced by factors such as leverage and variable demand.

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