"When you really want something, but you do not have the necessary funds at the bank, what solution is available to you? Well, for about a fifth of cryptocurrency enthusiasts, it seems that the only alternative available to them is to buy on credit."
A risky investment, not a currency.The fact was revealed by made by about 3,000 people interviewed by CoinDesk, a news service on cryptocurrency, for its report "State of Blockchain 2018". Reassuringly, more than 80% of respondents "did not borrow money to buy cryptocurrency".
In addition, among those who took credit for this transaction, about half has already repaid this loan, according to the survey. What would encourage them to take out a loan again?
The frenzy around Bitcoin has really grown because of the value reached by this virtual currency, and by others of these currencies. These cryptocurrencies sparked a strong public interest in December. The value of a Bitcoin then exceeded $ 19,000. It has since dropped below $ 8,000.
The most fervent Bitcoin defendants believe it could potentially replace money around the world. The United States and other countries, however, increasingly view it as a (highly speculative) investment, rather than a form of money.
Difficult to Ignore
Cryptocurrencies are now everywhere in the news and the recent explosion of the bubble that was formed at the end of 2017 has again revived debates on bitcoin and its counterparts (Ether , zcash, monero, dogecoin et al.). The French ecosystem is developing at a rapid pace, but as previously mentioned, the vagueness of the regulation comes to temper the heat and the whole sector follows from very close to the first steps of the authorities who are also looking into this issue.
In the Senate, incomprehension in the field of cryptocurrencies
Regulation: This Wednesday, a hearing of the Finance Committee was held and focus of discussion cryptocurrency and blockchain. Hearings that highlight the glaring difficulties of understanding between this new ecosystem and those who will be responsible for regulating it.
The Senate invited today several actors of this new ecosystem to take stock of various aspects related to the emergence of the blockchain and cryptocurrencies. A first round table was devoted specifically to the blockchain while a second dealt with cryptocurrencies. "We also prefer to talk about crypto assets rather than cryptocurrency" begins thus to specify Emmanuelle Aswan of the Bank of France.
. The distinction is indeed interesting and deserves to be remembered, Bitcoin, like Ether and the others, is technically not a currency, but a digital asset