On May 4, Alberto Aldape Barrios, managing director of the Center for Business Research and Development (CIDE), chosen on the residents of the city of Aguascalientes to be cautious with any investment opportunity in cryptocurrencies.

In statements to local newspaper El Heraldo, Barrios warned of "financial speculation" angry amid the COVID-19 crisis, so there would be high take a chance with investments in bitcoins (BTC), futures, options, and Forex.

Bitcoin'south volatility postal service-COVID-nineteen could exist dangerous

The head of CIDE idea that the toll of Bitcoins will leap when the pandemic is nether control. Barrios said:

"With cryptocurrencies, y'all cannot speculate because you tin lose all your money in one day. No institution backs that currency."

Notwithstanding, the CIDE director claims to be aware of the adoption of cryptocurrencies in other countries. Still, he does non believe that it is appropriate to invest in bitcoins in Mexico, since "information technology is a market for professional speculators."

He besides called for locked-down citizens to be cautious with offers to invest in futures, options, and Forex markets since he claims that the fall in oil was a clear example of how risky this type of investment is.

Nearly the period of information on social networks, Barrios said that people should be careful with any promises of generating a lot of money in a brusk time.

Popularity of crypto in Mexico keeps rising

The appreciation of the CIDE director contrasts with the latest information regarding the adoption of cryptocurrencies in Mexico.

Cointelegraph Español reported on May four that the adoption of cryptocurrencies in United mexican states has been increasing since 2022.