Many refer to Bitcoin as “digital gold” without knowing the origin of the term. “The comparisons between Bitcoin and Gold have existed since its launch. When we talk about the ‘miners’ of the cryptocurrency, it is a direct reference to the gold prospectors who proposed with their peak, not sure if they would find gold,” said Thibaut Boutou, co-founder of Meria, a French investment firm specialized in cryptios.
The comparison is so wide that some see the queen of cryptocurrencies as a new safe asset. Two key characteristics of Bitcoin admit this view: its decentralized nature and, most importantly, its limited supply. “We already know that it will not be more than 21 million bitcoins,” said Alexandre Baradez, IG Market Chief Analyst. “Like gold, it is a strange asset because it is limited.”
However, the shock wave caused in the financial markets by Donald Trump’s ads on April 2 or high rates on a significant part of imported products to the United States did not forgive the world of cryptocurrencies. On the morning of Monday, April 7, the Bitcoin value had decreased by 10% compared to the previous day, a significant decrease that continued during the following days. It was valued at approximately € 70,000 before Trump announced a pause in the implementation of tariffs. Since April 2, Bitcoin has lost 9% of its value.
However, just a week before, on January 20, on the day of 47Th The inauguration of the president of the United States, Bitcoin had reached a historical maximum, surplus of € 105,000. Since then, the asset has lost more than 19% of its value, according to a report published on April 7 by Binance, the main cryptocurrency exchange platform in the world. This downward trend extends beyond Bitcoin: the study also indicates that “the total capitalization of the cryptography market has decreased approximately 25.9% since the maximum of January”.
‘Too volatile’
Given these figures, it is difficult to see Bitcoin as insurance, even for industry actors: “It is too volatile,” Boutrou admitted. “In a period like this, we expect a safe port to better resist market movements.” The platform managers share this opinion. “We are far from the stability offered by gold,” said Benjamin Chemla, a sharing co -founder, an investment platform for actions and cryptocurrencies.
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