Despite the challenges and pressures of the market, the largest cryptocurrency by market capitalization, Bitcoin, demonstrates notable preference and remains the best performing asset in 2024. Likewise, it has become a safe haven asset for investors, he stated. Daniel Vogel, CEO and co-founder of Bitso.
Within the framework of the expocrypto, organized by Bitso, an AL financial services company driven by cryptocurrencies and that wants them to be useful for people and companies, Vogel maintains that large investors remain long in Bitcoin, because it is already considered an asset refuge, since it has earned the trust of the investing public; Every time the income worldwide is close to 70 percent (70 thousand dollars) and in Mexico a return of 140 percent in the last 12 months.
The Bitso cryptocurrency buying and selling platform envisions an optimistic future for Bitcoin in the short term, especially given the proximity of the presidential elections in the United States.
“Whoever wins the elections in the United States, the Bitcoin market will continue to grow, due to the support they have given to crypto, especially Donald Trump.” Although trade and foreign policies regarding the world are outside the price of Bitcoin, interest in cryptocurrencies could positively impact the price of the digital asset.
For his part, Felipe Vallejo, general director of Bitso México, foresees that in 2025 the Fintech Law will be discussed again, in order to improve the development of the industry, so they will take advantage of the fact that there is openness and dialogue with the new administration by Claudia Sheinbaum and given the challenges and opportunities that technology represents in the Mexican financial sector, it is feasible to have important changes in the legislation that involves this profile of companies.
In 2024, Bitso will process 10 percent of flows from the United States (remittances). In 2016, when they started with remittance products, their goal was 1 percent, so they expect growth to continue next year.
Vogel considered that for the moment Bitso does not need capital, since its operation is solid and healthy, but he does not rule out that in the future it could go public, and the US markets draw his attention.
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