Compared to the vast majority of currencies, the new virtual currency is still a very limited means of exchange and unit of account. It has increased in value but is highly volatile
Category: Finance
Neither yen nor dollar, bitcoin
Virtual currencies trading between 10 and 500 euros this year are taking hold in the real world
Germany recognizes Bitcoin
Berlin will be able to better tax and control transactions in this digital currency
Bubble hypothesis
Bitcoin today is a volatile speculative tool
“One key properties of Bitcoin explain its impressive price momentum”
Economist Alexandre Sokic affirmed at the “World” forum that the surge in Bitcoin’s price is not speculative, but a reflection of its wider use.
“Bitcoin and Tesla stock appear to be caught in the same irrational exuberance”
“The World” reporter Jean-Michel Bezart estimates that Bitcoin and Tesla don’t have the same volatility risks, aside from the market’s startling enthusiasm for Elon Musk’s company’s first cryptocurrency.
“Let’s not throw Bitcoin in the water of speculation”
The current frenzy around cryptocurrencies heralds a phenomenon that economists are well known for: the flight from money.
In El Salvador, Bitcoin and Authoritarian Excess
In parallel with the official introduction of cryptocurrencies, attacks on the rule of law have likewise grown. One-third of magistrates have automatically retired.
“Technological innovation, Bitcoin is also a political innovation”
Entrepreneur Jerome Ajdenbaum noted in his Le Monde column that the principles, operation and success of cryptocurrencies have brought about fundamental changes in the concept of sovereignty and democracy.
