The professor of the Bachelor of Financial and Stock Market Administration of the UPAEP, Anselmo Salvador Chávez Capó, pointed out that the purchase of cryptocurrencies in Mexico has been the subject of study and analysis, mainly as an investment element.
The Mexican professor stated that in the country, there are conflicting opinions regarding cryptocurrencies, assuring that for some they are seen as an investment option to cover inflationary action, as well as highlighting the good profitability over time that they have presence in the market.
And on the other hand, there are people who emphasize the risk represented by its volatility, as well as the lack of support from an entity that responds to transactions.
He also indicated thatn the country, the investment of these digital assets among Mexicans is increasingly common. According to a study by information comparison firm Finder, It is estimated that 12% of the Mexican adult population has one of these digital currencies in their possession, therefore, the region ranks as the ninth nation with the “highest rate of possession” of crypto assets worldwide.
He also emphasized that the value of this digital asset is due to supply and demand, as well as the commitment of users, and this “value” occurs due to the lack of efficient mechanisms that hinder its manipulation, as can be seen. currently show on the market.
Capó also highlighted that currently its importance is notorious in the total market capitalization of crypto assets, which According to data from last Thursday, August 4, it is 1.06 trillion dollars and around 9,970 cryptocurrencies are in circulation, among which Bitcoin (BTC), Ethereum (ETH), Tether, USCoin and Binance stand out. Coin (BNB).
According to the academic, between these five cryptocurrencies, approximately 75% of the capitalization value in all cryptocurrencies is registered, and the current capitalization value of these five digital currencies is approximately 800 billion dollars.
In conclusion Chávez Capó warns about the use of cryptocurrencies, highlighting that this type of virtual currency does not have the support of the Mexican financial authorities and that said operations are irrevocable.
The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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