The economist and specialist in capital markets Ibrahím Velutini, CEO of Intelinvest, offered in an interview his vision about what we must do to protect and defend our patrimony from the omnipresent Venezuelan hyperinflation.
Currently, Venezuela is facing a hyperinflationary scenario, in which its inhabitants must look for new ways to protect their financial assets, both business, family and personal.
Smart investments
The specialist in capital markets points out that in spite of the economic instability that exists in the country, there are ways to protect oneself from exacerbated inflation and indicates them.
Some of the recommended alternatives are: buy some real estate asset, invest in the Caracas Stock Exchange or acquire cryptoactives. The last two seem intelligent and quite convenient.
He explains that in the last two years the Caracas stock market has adjusted to the devaluation that Venezuela is experiencing and the stock price has behaved well considering also the trends of the foreign exchange market.
Velutini adds that an interesting fact to take into account about the stock market is that “of the profit you get there, you only pay 1% tax”.
In spite of the economic difficulties that exist in Venezuela, there are ways to protect oneself from exacerbated inflation, which reasonably protect the heritage.
Cryptoactives or cryptocurrency?
Cryptocurrencies are a digital asset that since its inception has had great acceptability due to the decentralized nature they possess, as well as the trust they have been given by people around the world, despite the volatility they have in the market.
The CEO of Intelinvest points out that acquiring these digital currencies is one of the advisable alternatives to safeguard capital and emphasizes that in the current Venezuelan context “it is no longer illegal to buy cryptoactives” due to changes in regulations, such as the repeal of the Foreign Exchange Law. Furthermore, the purchase of these assets is done through exchanges that, in addition to serving as a value exchange channel, are also a means to sell the cryptocurrencies and obtain foreign currency.
Despite the mentioned volatility of the cryptocurrencies, the economist emphasizes that it is much better “to have this asset to have bolivars”, as a measure of protection against the loss of value of the Venezuelan national currency.
Being in a leading position
Before the new financial markets, Velutini points out that “Intelinvest tries to be at the forefront of the changes“. The success and good acceptance of the company by its advisors and clients responds to its ability to adapt to economic new scenarios.
For Velutini, cryptoactives and their platforms are “a technology that is here to stay”, mainly due to the strength of the blockchain system, as well as the possibilities that have been opened thanks to the different currencies that make up this ecosystem.
The economist and expert highlights that there are many people who are not yet familiar with this type of investment, digital tools and currencies, but foresees that in the future a large part of the population will get involved and benefit from them.
To learn more details, live, we invite you to watch and listen to the video interview that accompanies this note.
Source: El Sumario
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