The 47th President of the United States, elected Wednesday, continued during the campaign to praise the advantages of this electronic currency. Its value, which exceeds $80,000 for the first time, is nevertheless likely to plunge overnight.
Published on 11/11/2024 08:06 Updated on 11/11/2024 08:06
Reading time: 2min Bitcoin has emerged as an alternative currency to the official currencies of sovereign states (October 30, 2024). (CFOTO / FUTURE PUBLISHING)
The price of Bitcoin soared in unison with the dollar. The first digital currency by capitalization exceeded $80,000 on Sunday, November 10 for the first time in its history. During the election campaign, Donald Trump constantly praised the merits of this electronic currency. The Republican, elected Wednesday, November 6, 47th President of the United States, even pledged to make his country “the world capital of bitcoin and cryptocurrencies”. Donald Trump took the opposite view of the Biden government, in favor of strict regulation of this controversial sector.
Failing to be a hard cash currency, cryptocurrencies such as bitcoin, ether or BNB, which are purchased online, very quickly appeared as alternative currencies to the official currencies of sovereign states. A way for some to free themselves from or circumvent the dollar or the euro controlled by the major central banks.
Often considered as objects or means of contesting the established monetary order, these digital currencies are in reality speculative cryptoassets with potentially dangerous variations. Bictoin is likely to plunge overnight. You can certainly win a lot, but also lose a lot in a few minutes. According to the European Central Bank, around five million French people use cryptoassets today, but only 150,000 are declared to the General Directorate of Public Finances. Hence the desire of the government, and the monetary authorities, to see things more clearly. Are the French underdeclaring their investments in these virtual assets? Why so few tax declarations? Today, only gains made on transactions with cryptos must be declared.
The portrait drawn up by the Financial Markets Authority of investors in cryptoassets in France is the following. They are 70% men and mostly young, 57% are under 35 years old and 18-24 year olds represent 24% of investors, which regularly pushes financial authorities, including the Banque de France, to warn against the dangers of investing your savings in unregulated cryptoassets with all the possible risks.
