“We should not compare bitcoin, which is the oldest and the largest in terms of market capitalization, with the most recent cryptocurrencies”, this differentiation made by the senior analyst at Deutsche Bank, Marion Laboure, is a sign that banks they are understanding the true meaning of Bitcoin.
In this way, the German financial organization and one of the most important in the world, recognizes that bitcoin cannot be compared with cryptocurrencies.
This is precisely because it has characteristics that make it unique and unrepeatabledue to its limited emission, the ability to circulate around the world, in a decentralized manner and without dependence on third parties, as designed by Satoshi Nakamoto.
The analysis de Laboure, was motivated by the debacle of the terra ecosystem (LUNA), a cryptocurrency that continues to give people something to talk about.
“What Happened Recently [con LUNA] is probably a good reminder that not all cryptocurrencies are created equal. Some are very new, also very risky and are very different, “Laboure said in an interview for the US network CNBC.
Even some analysts, whose testimonies were collected by CriptoNoticias, days before the collapse of the ecosystem, even said that terra and LUNA were a “big ponzi scheme” and could collapse, something that was confirmed.
The problems faced with LUNA and that can be replicated in other ecosystems, it will not be able to happen with Bitcoinhence lies the strength of this digital asset, it cannot be equated with any other, except because they share cryptography.
Bitcoin is in limited supply
The executive also mentioned the limited supply of bitcoin. Currently, more than 90% of bitcoin is already in circulationIn fact, last April, the 19 millionth bitcoin was issued, representing another milestone and a reminder of the scarcity of this cryptocurrency, a fact reported by CriptoNoticias.
Based on that, Laboure indicated that “when you have a supply with a growing demand, prices tend to go up, as we saw last year.”
Now there are only 2 million coins left to reach the maximum emission of 21 million which has this protocol, whose last bitcoin will be mined approximately 120 years in the future. This is another feature that makes a difference with cryptocurrencies, like LUNA.
In the case of MOON, went from a circulating of 342 million units to 6.5 billionbetween May 7 and 14, according to Statista.
Regulation will increase demand
Another aspect that Laboure takes into account is regulations. The executive believes that as regulations are developed to regulate bitcoin, its adoption will increase looking to the future.
Laboure compared bitcoin to diamonds, since the price of the mineral and the digital asset depend, in part, on the value that consumers give it. He reiterated that to determine the price of bitcoin you have to take into account psychological factors, the limited emission and regulations.
In this way, Deutsche Bank provides bitcoin with a validation, if you will “professional”, that other bitcoiners had already determined, as is the case of the CEO of MicroStrategy, Michael Saylor or Lyn Alden, financial analyst and strategist, among others.