The programmed scarcity of this e-currency, sometimes compared to that of a raw material like gold, partly explains its success.
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Does the course of Bitcoin crossed the bar of $ 70,000 (60,425 euros) before the end of the year? “Faced with the enthusiasm and the huge flow of buyers routing towards risky assets, I would not be surprised that it exceeds the $ 80,000”, dares to predict Nicolas Chéron, strategist markets at area. Wednesday, November 3rd, it was moving around $ 63,000, not far from the historic summit to $ 66,000, reached October 20 – while it was not going much over $ 15,000 a year ago. The courses of other cryptomonnies also rise in its wake, such as that of the Ethereum, which has crossed a new record, Tuesday, November 2, exceeding $ 4,500.
It is said if in a few years, these e-currencies, operating thanks to the blockchain, a technology based on the storage cryptography and transmission of information, have settled in the financial landscape. In particular Bitcoin, the first of them, created in 2008 by a mysterious computer scientist. Its emission is not controlled by a central bank, such as the euro or dollar, but by a computer protocol, designed to limit the final number of circulating Bitcoins to 21 million (18.8 million today) .
This programmed rarity, sometimes compared to that of a raw material like gold, partly explains its success. “Many of the funds seeking to protect themselves from inflation today abandons gold to invest on Bitcoin,” says Chéron. It is also the great argument of its supporters of the first hour: they see in this cryptode the ideal placement to maintain value outside the currencies controlled by the central banks, that they consider unable to control inflation.
Strong volatility
If the bitcoin still drags a sulphurous reputation – it is the preferred currency for ransom applications during computer hacards – it is also increasingly prized by traditional investment funds in search of performance. This, partly because “more and more platforms for cryptomonnaire exchanges choose to be officially regulated”, Emilie Raffo, co-founder of Chainsecurity, a cybersecurity company, and the owner of the work the future of species (Dunod, 256 pages, 19,90 €), dedicated to cryptomonnies.
In the example of the Giant Coinbase, the largest American platform, which aims to shake up the actors of traditional finance, including banks. On April 14, she made a shattering entry to Wall Street, with a valuation of $ 86 billion. Most often, investors like Goldman Sachs or speculative funds nevertheless do not directly buy Bitcoins. They prefer the financial products that have developed around, as futures contracts, which exchange in Chicago Mercantile Exchange, the very serious US futures market.
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