The Central Bank of Mexico compared BTC transactions with barter, and CryptoQuant is confident that BTC will grow

The governor of the Mexican regulator believes that transactions with BTC are similar to barter

The chief of the Bank of Mexico Alejandro Diaz de Leon criticized the first crypto coin. He believes that transactions involving bitcoin are more like a barter exchange than “evolved” fiat money.

According to the governor of the Mexican Central Bank, BTC is a high-risk investment. De Leon believes that in the near future, Mexico will not follow the example of El Salvador and will not grant bitcoin the status of a legal payment instrument.

“Whoever receives bitcoin in exchange for a good or service, we believe that (transaction) is more akin to bartering because that person is exchanging a good for a good, but not really money for a good,” de Leon said.

American billionaire: if you don’t understand bitcoin it means you are old

US investor Leon Kuperman said that he does not understand BTC, even though the crypto asset has risen in price by more than 7600% within 5 years. The entrepreneur believes that those who are not very versed in this issue need to be careful when investing in bitcoins.

“If you don’t understand Bitcoin, it means you are old. I am 78 years old. I am old. I do not understand this. I would be very careful with BTC,” said Kuperman.

The head of the Central Bank of Sweden, Stefan Ingves, also spoke about bitcoin. He stated that private currencies will crash anyway and compared transactions with BTC transactions with trading in postage stamps.

Analyst announced further growth of BTC

CryptoQuant CEO Ki Yong Joo believes that the main cryptocurrency will grow due to the actions of large owners of the digital asset. The expert pointed to the graph, which shows that the “whales” have begun to transfer BTC to the derivatives exchanges.

Ki Yong Joo believes this may indicate the intention of bitcoin investors “to open new margin positions.” The CEO of CryptoQuant is confident that after such movements, the bitcoin rate will grow.

“The positions of the whales seem to be long,” the analyst noted.