The crash hasn’t (really) dampened the enthusiasm of bitcoin and cryptocurrency supporters. The lure of profit is not the only reason, explains ULB’s Marek Haddon, who nonetheless connects the promises of democratization and financial inclusion that are often tossed around.
By Dominic Burns
againstThis year, cryptocurrency owners got a taste of it: prices have literally plummeted. Thus, the most famous of them, which is bitcoin, lost nearly 70% of its value between the beginning of November and the end of June, before settling at around $20,000.
But nothing helps. Their supporters still want to believe it: cryptocurrencies will be the future – they are: democratic currencies, because they are liberated from the tutelage of states; And a tremendous tool for financial inclusion, especially in poor countries. The most beautiful promises to hide the lure of profit? We put the question to Marek Haddon, professor at the Solvay Brussels School of Economics and Management.
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