In this edition of the 11Onze Podcast, we have once again invited Oriol Blanch, Affiliate Marketer at Bitvavo, to review the latest news in the world of cryptocurrencies. We talk about the buying options in the current bear market and the approval given by the Bank of Spain to Bitvavo.

Fluctuations in Bitcoin and the cryptocurrency market in general are nothing new. In fact, bitcoin has experienced some corrections after reaching an all-time high above $73,700 last March, taking it to just below $60,000 when writing this piece.

Although these bitcoin corrections are not surprising and are part of a certain normality, “all altcoins and other cryptocurrencies that are not bitcoin have had more significant corrections that have caused more than one scare to some“, points out Oriol Blanch.

At the very least, this confirms that bitcoin continues to be one of the safest crypto assets, partly thanks to its market capitalisation and, as Blanch indicates, “Looking at it from a long-term perspective, these corrections are minuscule and we continue to bet on this market because it looks like it will continue to rise”.

A good opportunity to enter the market?

A bear market can be a good opportunity to buy, but nobody has a crystal ball. On the other hand, we must take into account the “halving” event, which in previous cycles has behaved very positively, but as Blanch stresses, “it is not an immediate effect, it may take between six and eight months to really see a parabolic rise in the price of bitcoin”.

In any case, Blanch advises its family members to “make regular purchases”. Bitvavo offers the option of setting up a recurring buy, so you can buy the cryptocurrency you want to accumulate once a month or on a specific day. However, the affiliate marketer recommends placing buy or sell orders with a price limit, so that if the market rises or falls, the buy or sell order is automatically executed.

Bitvavo, more reliable than ever

Bitvavo’s ambition to become Europe’s leading cryptocurrency exchange has been reinforced by receiving approval for registration as a Virtual Asset Service Provider from the Bank of Spain, allowing the exchange to offer cryptocurrency products and services in the Spanish market. Previously, it had already obtained registration from regulators in Austria and France.

These authorisations are important because they mark the process of implementing the Markets in Crypto-Assets Regulation (MiCA), the first global regulation governing the crypto-assets market, establishing obligations for both issuers and cryptocurrency service providers. Blanch explains, “These regulations will apply to all crypto asset providers and, as a user, you have to be careful not to fall into the trap of using an exchange located in the Cayman Islands, because there you would have no protection whatsoever”.

11Onze Recommends Bitvavo, cryptocurrency trading made easy, safe and at a good value.