Tiphaine Dubuard // Photo credit: Ozan KOSE / AFP 8:20 a.m., March 12, 2024
Bitcoin broke a new record this Monday, the third in a week.
This time, the cryptocurrency exceeded $72,000 per unit.
Attractive performances that attract investors.
But if you want to get started and invest, there are several golden rules according to one expert.
Not one, not two but three records!
The last seven days have been historic for bitcoin with a new record exceeding $72,000, an increase of 75% in its value compared to January 1.
With these spectacular performances, more and more French people are wondering, is now the time to invest?
First thing to keep in mind: bitcoin is by definition very volatile.
It is therefore very difficult to anticipate its variations.
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Halving, a fateful date
However, its value could continue to rise according to some experts, notably until April 19, the theoretical date of the halving, when the production of bitcoin will be halved.
Once this event has passed, anything is possible, according to Nicolas Louvet, co-founder of Coinhouse, a French cryptocurrency platform.
“This asset is complicated, we have seen it in the past, it is very very very in love with big upward waves but also big downward waves and we can have declines of 15, 20, 30, 40% in a few days, it happens, it’s very regular!”, explains the specialist.
“Inquire, educate yourself”
According to him, investors must follow a golden rule: invest only the money they are prepared to lose.
"You have to find out, educate yourself, bitcoin is an extremely interesting asset and it's essential to understand a little bit of what you're investing in. We're talking about a risky market, you don't put all your money in it, it doesn't matter. no sense!”, he warns before adding: “You have to go gradually and favor a platform that can support you.”
Today, more than one in 10 French people have already taken the plunge by investing in at least one cryptocurrency.