CEO of Argentine Exchange Belo Dismisses "Crypto Winter" and Predicts New Record for Bitcoin.
Manuel Beaudroit, the brain and CEO of the well-known Argentine cryptocurrency exchange Belo, believes that the digital asset market has not yet entered a prolonged bearish period, popularly known as "crypto winter".
In a recent conversation with CriptoNoticias, the businessman stated that the decline in the prices of bitcoin (BTC) and other digital currencies is mainly due to geopolitical factors, rather than the conclusion of a growth cycle.
According to the expert, the recent strategies implemented by former U.S. President Donald Trump, focused on strengthening domestic production in the United States, are creating turbulence in global markets.
Regarding the possible peak of this cycle, Beaudroit expressed his hope that bitcoin will reach 300,000 U.S. dollars (USD). However, he leans towards a more realistic estimate, suggesting that the price could be in a range between USD 180,000 and USD 200,000, a figure he considers quite feasible.
