López believes that the main focus of concern remains the pandemic. “The main obstacles that Bitcoin will have to face to experience positive growth will be that there is no setback in the fight against COVID-19 on an international scale,” he highlights.
Although it is not the only one. Santiago considers that the tapering by the FED and the possible increases in interest rates in the United States could weigh on the digital asset, because "the abundance of cheap money" develops in investors "a special tolerance for risk, produces optimism and pushes to try new things."
“This means that volatility is not a problem and it becomes fashionable to speculate. On the other hand, in times of little liquidity, the investor becomes more talkative, avoiding high risks and taking refuge in more stable assets… Logically, Bitcoin favors optimism and liquidity”, he analyzes.
"Cryptocurrencies are still considered a high-risk asset, this fact causes possible monetary policy adjustment announcements by governments to significantly affect Bitcoin and cryptocurrencies," Fernández describes in the same line.
In addition, López thinks that a point of concern is the regulation of cryptocurrencies in the main world powers. “That is to say, that they do not harden, in such a way that it stops the development and expansion of cryptocurrencies, and among other things, that a global energy crisis does not break out, which could be a serious setback for the entire cryptoecosystem”, deepen.