The main market cryptocurrencies (bitcoin and ether) traded today with falls of more than 5% after learning that the Government of
The bitcoin, the best-known cryptocurrency, fell at 19.30 hours by 5.8% and hovered around
As for the causes that have made
For the managing partner of Blockchain Intelligence,
A reaction that, in the opinion of the CEO of the cryptocurrency trading platform Bit2Me,
In the same sense, the co-founder of Onyze, a digital asset custody company, Álvaro Alcañiz, who believes that this measure will probably not be the last to be applied by the Chinese Executive against cryptoassets because “it has been applying an iron control over its economy for many years, through often restrictive policies”.
“Added to this is the fact that bitcoin, along with the rest of cryptoassets, is at the other extreme, since it defends a monetary freedom and independence” contrary to their interests, he explained.
De la Mata saw a potential relationship between this measure and the development of CBDCs and warned that an interesting geopolitical battle related to the evolution of digital currencies is beginning to emerge, since “we will see a competition for monetary hegemony in the era of digital currencies issued by central banks.
“The digital yuan is nothing more than a measure against freedom, it is a way to have the population controlled,” according to Ferreira.
On the possibility that other central banks such as the
For Ferreira, if central banks apply similar rules they would become “dictatorial” because “a central bank cannot make citizens not choose to use bitcoin or other cryptocurrencies as money in their lives,” he said.
Experts believe that the measure of the Chinese administration is affecting the global cryptocurrency market due to the economic, political and demographic weight of this country in the world.
The CEO of Bit2me has pointed out that the decision of the