Shortly before the event concluded, the following question was asked: Could Bitcoin be worth a million dollars?
Economic Analyst Carlos Maslaton Engaged to answer. He analyzed the various historical stages of Bitcoin, and saw that “What is now equal to $49,234 will be worth $357,934, and it can be rolled over for a second time $464K”. “There will be a major global scandal, and that will keep the US Federal Reserve on watch, because it is a decentralized currency that no one manages,” Maslaton added. “It may take a long time to reach a million dollars, but it is possible,” he said. And set a date: 2025.
protection
Joaquin Moreno, BTC host in Spanish, detailing the different types of wallets according to needs. “It is important to consider security when choosing an exchange that supports two-factor authentication and to investigate the team behind it that has a proven track record in the market.”. He added, “For those who want to invest a little more, they should have two devices: a hardware wallet to sign transactions more securely and a metal stent.”
Later, Lorena Ortiz, businesswoman and co-founder of the Bitcoin Embassy Bar in Mexico CityExplain how the contract, miners and wallets work. “What if the rules change, if someone wants to change the rule? Decisions depend on more and more people as participants join, which is one of the strengths of Bitcoin, since it is not easy to modify the rules. Bitcoin is like a plane carrying millions of people, it’s in flight,” a graph from Mexico
Diana Gomez, Signatura legaltech and Bitcoin Argentina NGO teamreferred to as scams. “It is easy to be tempted by promises of wealth, because the history of Bitcoin is overtaken by that myth,” he began. “We are facing a decentralized environment that has no owner. If someone offers a contract and a guaranteed return, we may be dealing with a scam.” Suggested: “When the project is in doubt, it is better to go towards more secure assets like Bitcoin. In general, they use very difficult technical language and do not have registered teams.”
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They also implemented paneles about cryptocurrency dollars (what are they, how many are there and how do they differ)This addressed the possibility of using the digital world as a precautionary measure or as dollar-linked investments, but with higher profitability. and table on Cryptographic solutions for your day to day. At this point, Lemon Cash’s Marcello Cavazzoli explained that his project emerged as a way to “migrate people into the digital future.” “the Market The traditional will be completely replaced, and usability must be worked on so that more people can join. “We are a bridge between the present and the future,” Cavazzoli said.
systems
Another point of decentralization was What laws and regulations apply to cryptocurrencies?. Participants agreed that “Bitcoin already has its own regulations, and the state should control that there is no money laundering and that taxes are paid.” in this meaning, Marcus Zuccaro, educator and tax expert, stated: “There is a tax regulation without a full knowledge of what is regulated, with very few specific mentions of cryptocurrencies, but what you have to understand about digital currency is not defined. Likewise, there are issues with the source is the version, but in Bitcoin version is decentralized. While Camilo Jorajuría de León, Treasurer and Board Member of the NGO Bitcoin Argentina“There is an opportunity for the regulator: to follow the path of Bolivia, which bans and encourages the black market, or like El Salvador, which is more flexible,” he said.
About this country, Jorge Valenzuela spoke specifically about Bitcoin Beach and the experience of El Salvador, which approved Bitcoin as legal tender. “We see the potential: access. A company that enrolls in traditional banking has to present its paper and pay more, while making bitcoin more freely accessible.” “Everyone is looking forward to El Salvador, and we have a responsibility to make it work,” he added.
The event also discussed the advantages of investing in Bitcoin. “It could be the equivalent of the gold market,” said Miguel Schweitzer, co-founder and CEO of Quantia Capital, who said bitcoin “meets all the requirements to be an international store of value.”. “In Argentina, we are used to saving in dollars, but since the creation of the Federal Reserve it has lost 99% of the value of its purchases,” he said. In this sense, the pandemic has also begun to “look at Bitcoin with different eyes, as gold was looked at in the 1970s.”
There are no banks
Similarly, in the event of decentralization, it is analyzed How can you access loans, investments and other financial services without banks, through experiments in which the world of cryptography breaks down the barriers of the traditional system. Next, the session took place: “How is financial engineering applied in the crypto world? Leverage, passive income, farming, atomic swaps, automated market makers, and more.” “We offer many possibilities, we show that there is a risk that they do not enter blindly. Silver was limited to a leveraged currency position, which if it fell makes it stronger than the common symbol,” he said. Maximiliano Haines, COO, Binance Latam.
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at the table “NFTs revolution in art” Explained how monetization of cultural work and artists has progressed. “It’s going to be a new industry and will see massive growth in the next decade. Every NFT is a new business, which makes patents change as we know it. It also brings in new collectors, the young people who through crypto systems have become rich” Alberto Echegaray Guevara, founder of Pascal Capital & Trustlink.io.
decentralization
The closing event was a billboard “The Impact of Decentralization on the Technological Revolution and Society”.
“Capitalism as we know it is under control,” says Joanne Quick, writer of #DilemaHumano, #7R and Trendsetter tech. “Decentralization has the risk of data loss and the costs are higher. Diversity and flexibility enhance decentralized systems,” he added. “Technology is the great enabler of communication. There is no longer any control over an organization, control has been bypassed and proven to work,” said Silvia Torres Carbonell, Director and Professor of the Center for Entrepreneurship. “
José Ignacio Trajtenberg, MBA, Lawyer and Entrepreneur at Xcapit, He began his presentation noting the technological revolution and the decentralization of not only content, but also energy and food production, among other areas. “On the economic level, there is a focus, as we saw in the case of Google or Apple, but also in the blockchain,” he added.
Diego Gutierrez Zaldivar, CEO of IOVLabs and co-founder of Bitcoin Iberoamérica NGO & Koibanx, noted that with innovation cycles “Different human tasks were non-intermediate,” he focused on social networking, robotics and 3D printing. He predicted that “Bitcoin began to not interfere in the financial system and after that it will witness a decentralization of political power.”
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