THE RISE OF BITCOIN WORRIES CENTRAL BANKS

While its value has been multiplied by 10 in less than a year, Bitcoin worries central banks and some economists who speak of "speculative bubble."

While bitcoin has surpassed $ 18,000 this week - a value multiplied by 10 in less than a year - this surge worries the major central banks.

The bitcoin, a genuine " threat to financial stability "? This is, in any case, the vision of one of the Fed's governors, the US Federal Reserve, which states: " when this cryptocurrency and all others will be used more massively."

Randal Quarles talks about niche financial products, which have no intrinsic value. " These are not safe assets, regulated, controlled by a bank. We do not know their behavior on the markets, "he told a conference in Washington.

An alarmist speech by the American Central Bank that has no control over the evolution of these currencies. According to the Wall Street Journal, several stock exchanges are planning to create trading platforms based on bitcoin. One of them would be the Nasdaq, the primary electronic stock market.

The governor of the Bank of France, traveling to Beijing, also sounds the alarm. François Villeroy de Galhau thinks that bitcoin is not even a virtual currency, no economic foundation, but just a volatile speculative asset. And he warns: " Those who invest in bitcoin do it entirely at their own risk .