Nowadays there is a wide variety of products investment for our money. One of them is Bitcoin, a virtual currency that has been used in recent weeks more than a million pesos per unit.
Bitcoin has had sudden spikes in its price | Image: Pixabay
The security that CETES, bank orders or Udibonos offer us when we invest in them is the fact that be supported by the government or, if applicable, by a regulated financial entity. A panorama that is not clear when we talk about cryptocurrencies.
Start of a new currency
Although the concept of cryptocurrencies dates back to the late 1990s, it was from 2008 that the name of the Bitcoin gained relevance. A problem that grew among the population when the economic crisis of that year hit the countries.
More than a decade has passed and there are already countries they seek the regular this coin for regular use when buying products or houses. Most are worldwide nations refuse to accept for Bitcoin to a currency of use among its residents.
High volatility and little global consensus
This lack of global recognition ensures that the volatility of the cryptocurrency is very high. Of course, the money you exchanged for Bitcoin will quickly get you ‘profit’ in an instant if you sell it. But it is also possible lose your resources anytime.
United States proposes digital dollar Image: Unsplash
A clear example of the volatility of this currency has been caused by the SEO de Tesla, Elon Musk, that of your investment in Bitcoin, the price of the cryptocurrency had historical highs.
But there was only a comment Elon Musk alluded to the outrageous price of the cryptocurrency, coupled with the proposal of the The United States Secretary of the Treasury, Janet Yellen, when making one digital dollar so that Bitcoin hit a low of $ 8 thousand in one day.
As of today the picture is not clear and in Mexico there is no consensus by the financial authorities or BANXICO to regulate the regular use of Bitcoin. Japan, the European Union and Canada only have approved the Bitcoin raid on the stock market.