A&G: “We would not be surprised to see bitcoin above $200,000 in the coming months” | EUROtoday

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The worry of being unnoticed of the rise of Bitcoin has not ended. The well-known FOMO (worry of lacking out, for its acronym in English) remains to be very current and that is likely one of the causes argued by the managers of the primary cryptocurrency fund to be marketed in Spain to justify that the digital foreign money can greater than double its worth earlier than the tip of the yr . “Bitcoin is very cheap now at $70,000” so “we would not be surprised to see it trading above $200,000 in the coming months”have assured Rubn Ayuso and Romn Gonzlez, managers of A&G Criptomonedas, which is a FIL, a hedge fund who dedicates 100% of his belongings on to cryptocurrencies. “The price is well below the intangible value it has,” they preserve.

Continuing with these future views, the managers have shared the thesis of Kathy Wood, Wall Street guru, and have identified that they’d not be shocked if in 2030 Bitcoin reaches a million {dollars}. Of course, regardless of the prospects of bullish potential, each Ayuso and González have maintained the main focus always on the truth that the belongings are a particularly unstable asset: “A Bitcoin cycle lasts four years and the increases are concentrated in nine months” which suggests that “for a while it is the best asset on the planet and then it becomes the worst.” In reality, They calculate that to achieve that objective of 1,000,000 {dollars} per Bitcoin, no less than 5 drops of greater than 50% in its worth have to be confronted..

Another favorable catalyst for the rise of Bitcoin, the principle and best-known cryptocurrency in the marketplace, is that it’s a scarce asset (there are 21 million bitcoin models) and “there will be fights” to introduce it into wallets. In latest weeks, the crypto It is round 70,000 {dollars} and its historic maximums have been reached in the midst of final March at round 74,000 {dollars}. So far this yr, the digital asset has accrued a revaluation of 60%, largely because of the approval of exchange-traded funds (ETFs) within the United States for each Bitcoin and Ethereum, simply fifteen days in the past.

THE BOTTOM

The A&G Criptomonedas FIL is probably the most worthwhile fund on the nationwide scene, with a revaluation of 44% in the course of the yr. It at present has belongings of 100 million euros, with 60 traders out of the 4,000 that A&G has as a complete. But it isn’t open to people. Only skilled purchasers will be capable of spend money on it, and so they will be unable to allocate greater than 3% of their belongings to this product. The second and final fund that invests immediately on this asset is Renta 4 Cripto, one other hedge fundwho was born in March of this yr.

The portfolio is constructed primarily by Bitcoin, which represents 62%, and Ethereum (with 24%): “It is important to have significant weights in strong protocols, such as Bitcoin, and smaller in others, because in the end the survival of some cryptos in the ecosystem it is difficult,” they’ve identified. ““It is a matter of time earlier than the sort of car reaches retailers.”they assured.


https://www.elmundo.es/economia/dinero-inversion/2024/06/13/666ae48e21efa05d1c8b45b0.html