Why have cryptocurrencies fallen?
In the United States, the reference rate is rising due to inflation problems, and all these issues of uncertainty and global inflation are causing investors not to move towards risky assets. For the same reason, they tend to fall, just like with Amazon and Visa; all equities have been falling since January of this year.
Could the war between Russia and Ukraine also be one of the causes of this uncertainty?
Yes, it is the war that is causing this environment of inflation, uncertainty, and the restrictive policies of the United States. Therefore, investors are seeking refuge in risk-free assets. Today there is no appetite for risk; there is a risk aversion.
How is investment in cryptocurrencies going in Peru?
Fortunately, investment is low in the country because there is also no very strong regulation at the international level regarding them. It is still premature to even have regulation in the country.
However, the creation of cryptocurrencies has no economic fundamentals. There have been disappearances, there is no consumer protection regulation, it has been associated with money laundering in some cases, such as with Bitcoins, and they are used by Venezuela or Estonia, which are countries that do not necessarily have much credibility.
