100 000 dollars. Taken down the moon. For fans of these cryptoassets, the dream was to reach $100,000 for a single bitcoin. It was fulfilled at the beginning of December, reaching $104,000. 10 years ago, a bitcoin was only worth $300. This record is undeniably linked to the Donald Trump effect. This year, he gained more than 130%. The future president of the United States has announced that he wants to lift regulations on this cryptoasset, hence the surge
explains Sylvain Bersinger, chief economist at Asterès.
Without knowing exactly what regulations would be relaxed. We can imagine that this would concern the possibility of using this asset in complex financial arrangements.
The economist thus warns: This could then lead to subprime systems. Except that there, they are not even backed by an asset like a house but by a bitcoin. However, what is the intrinsic value of a bitcoin? We don’t know anything about it, hence the danger.
21 million tokens. Kezaco? A token is a bitcoin token.
“The creation of this cryptoasset was decided in 2009 because its supporters found that the currencies managed by central banks were flawedexplains Sylvain Bersinger. They decided, like gold, to create bitcoin in limited quantities, a guarantee of its value in their eyes. » Thus, the Bitcoin protocol provides for the creation of a predetermined number of tokens “ during the creation of each block of transactions, with a division by two every four years: this gives 50 bitcoins in 2009, 25 in 2013, 12.5 in 2016, and so on, until reaching a total of 21 million in 2,140 » explains CoinHouse, the French cryptocurrency platform. Today almost 90% of bitcoins are in circulation.
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“This is why we often talk about bitcoin as the new digital gold but the comparison stops thereassure Sylvain Bersinger. The gold standard is tangible. Bitcoin is a technology based on a blockchain and even if its number is limited, its speculative aspect disqualifies it as a stable reference. »
1 dollar. 1 dollar, 1 bitcoin: Will we one day be able to pay for our baguette in bitcoin, particularly in the United States? Not really, according to the economist. “For bitcoin to become part of everyday life, it is users who can decide. But there is a reality principle. For the baguette, if you pay in bitcoin and its price is still speculative, you will prefer not to part with your bitcoins to continue to earn more money. This is the inconsistency of this cryptoasset and its limit. This cannot be an everyday currency. »
It’s up to Sylvain Bersinger to imagine: “Donald Trump may have the idea of offering to pay his taxes in bitcoins. This would mean that he is putting aside the dollar. He has some pretty crazy ideas but to discredit the dollar currency on the altar of bitcoin, I don’t believe it. »
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