Is Bitcoin a long-term investment?

The world of cryptocurrencies it’s changing fast. Once again. The news of yesterday collapsesthat is non-fungible tokens (digital art and collectibles registered on blockchain), the nft. A deadweight loss of 97% compared to the all-time high reached in January of this year. According to Dune Analytics data, the nft they went from $ 17 billion in early 2022 to just $ 466 million in September of this year. But it is not only non-fungible tokens that “evaporate”, as traders say: there is a wider collapse in the cryptocurrency industry, estimated at about two trillion dollarscaused by the rapid tightening of monetary policy which strongly reduces the investment flows of speculative assets.

The cryptocurrency industry, and the underlying blockchain technologies, is extremely complex. The apparent collapse it is also interpreted as a redefinition of values ​​that does not touch the fundamentals e which prepares instead for a “rebound” that is, a new phase of growth. According to some, in fact, cryptocurrencies are not only made to stay, but must be looked at with the long-term investment perspective.

This at least is the opinion among others of Ferdinando Ametrano, graduate in physics, co-founder and CEO of Checksiga company that acts as custodian of bitcoin and other crypto-assets tailored for institutional investors and wealthy individuals. Checksig is a startup co-founded by the former Intesa Sanpaolo executive: after the first seed round last December of 1.5 million euros, which brought a valuation of 20 million, now the company has opened a new capital increase to be able to grow on international markets by looking at venture capital and private companies equity.

Why bitcoin and other cryptocurrencies are crashing again

After partially recovering, bitcoin fell below $ 20,000 again. Fed interest rate announcements and general market uncertainty weigh

New forms of investment

However, the basic question remains: cryptocurrencies, a new investment “asset class”, who is it for? Meanwhile, the trend in values ​​suggests a scenario trend. According to CoinMarketCap, in fact, the market capitalization of cryptocurrencies from 2017 to today has grown more than 50 timesdespite the slide in recent months, with Bitcoin and Ethereum taking the lion’s share, covering 57% of the market cap.

In Italy, according to the data collected by Ametrano instead, the market has reached a value of around 23 billion. Checksig is part of the small group of companies that obviously believe in the growth of this market opportunity, that is to provide tools for those who want to invest in cryptocurrencies, and if anything complains about the current regulatory vacuum: “Despite regulatory attempts at marginalization, the market is growing. But the regulations are lacking. The crypto world is a great far west. There are no maps and no sheriff. But it glitters. Beware of who you board with when investing: information is needed. However, the change is objectively epochal“, says the CEO.