Editorial: La Vanguardia

• Bitcoin and other cryptocurrencies are a key component of the international financial system.
• Bitcoin has seen a 50% drop since October, falling below $70,000.
• The total market value of all cryptocurrencies has shed nearly two trillion dollars.
• Legal uncertainties surrounding cryptocurrencies has led speculative investors to opt for gold and silver.
• Predictions suggest a further drop could push mining companies for these assets toward bankruptcy.
• Bitcoin has historically always rebounded after deleveraging cycles.
• The fall in Bitcoin has also impacted stablecoins, cryptocurrencies designed to retain a constant value.

Conclusion: The current plunge in cryptocurrencies represents a risk to the financial sector that central banks and economic authorities should closely monitor.

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