REACTING TO PAULO GUEDES TALKING S%&*A ABOUT BITCOIN ⚠️ "IT'S NOT A CURRENCY!"

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In conversation with Bruno Perini on the Você mais Rico podcast, former economy minister Paulo Guedes shared what he thinks about Bitcoin, the potential of central bank digital currencies (CBDCs) and the role that technology plays in the evolution of the system global currency.

Guedes' reflections range from the cyclical and speculative nature of investments in cryptocurrencies to the need for a solid foundation of trust and technology for the future development of digital currencies.

Speaking about Bitcoin, Guedes first discussed the theory of reflexivity in financial markets, noting how investor optimism can lead to price increases which, in turn, validate initial optimism.

This dynamic, according to the former minister, can result in exaggerated market movements and the formation of bubbles. In the case of Bitcoin, he points out that the limited supply of the currency contributes to its attractiveness, but also leads to cycles of rising and falling prices based on the perception of its usefulness and value.

Paulo Guedes questioned whether Bitcoin could truly be considered the “currency of the future”, given its difficulty in being used for daily transactions, such as buying a sandwich at McDonald’s.

He compared Bitcoin to a Picasso painting, suggesting that while it can be considered a store of value, its usefulness as a means of payment is limited. This limitation, according to him, is a challenge to the widespread acceptance of Bitcoin as a true currency.

In today's video I REACT the interview with the former Minister of Economy of the Bolsonaro Government.

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⚠ Attention: The analyzes on this channel are for study and learning purposes. We do not make buying and selling recommendations or investment recommendations. Only invest in assets that you know deeply and with values ​​that you are willing to lose.

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