From the billionaire founder of Tesla and the world’s first fortune Elon Musk, or Hollywood stars like Gwyneth Paltrow, to politicians like Pablo Echenique and singers like Huecco, they have seen cryptocurrencies as an investment option. For example, Musk buoyed the price of crypto such as bitcoin, ethereum and dogecoin when he stated in March that he did not intend to sell them.
Meanwhile, the spokesman for Podemos in Congress, Pablo Echenique, recorded in his last declaration of assets and income that he had sold cryptocurrencies worth 5,890.06 euros. In addition, the deputy declared the possession of 5,575 euros in the Theta Fuel cryptocurrency on September 2 of last year.
Speaking to ABC, the singer Iván Sevillano Pérez (Huecco) positively values his experience with this type of investment.
“It is obvious that cryptos are very volatile,” acknowledges the author of ‘With your hand raised’. This artist, who recently published the first video clip financed with cryptocurrencies, points out that “volatility is a matter of learning to live with it” and recommends looking for “verified and trustworthy” exchanges. Although, of course, he advises not to bet everything on this type of asset: “They have to be one or at most two of the eight legs of the octopus of your investments,” he pointed out. About his favorites, he added, that he sees with a medium and long-term projection “not only bitcoin but also ether, solana, polygon and terra.”
On what is the attraction of this type of assets, Huecco has recognized that “decentralization” and that they are “outside” the policies of central banks: “That virtue is also its defect, ‘there is no one answering’, therefore, You have to be very careful with the frauds and scams that exist all over the world with bitcoin and the new cryptos, ”said this artist who is convinced that times of high inflation and rate hikes are coming. Hence, he has justified, “vertigo in investors.”
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