According to former head of market analysis at GenesisTrading, Noelle Acheson, the fall of more than 60% in BTC in 2022 made it “an interesting tool for playing with liquidity.”
“BTC, given its strengths and different use cases, the colossal drawdown last year and the lack of cash flow to discount, has become one of the most sensitive sources of liquidity,” Acheson said.
Experts agree that although there are other risky assets in the arsenal of investors that are sensitive to changes in the liquidity ratio, none of them outperforms BTC as a store of value. In particular, the lack of cash flows for discounting makes bitcoin less receptive and sensitive to adverse economic news than traditional financial instruments.
Recently, the authorities of El Salvador announced the opening of the so-called bitcoin embassy of the country in the US state of Texas.. This will be the second bitcoin embassy of El Salvador, after the Swiss city of Lugano.