Bitcoin: is a monetary revolution underway?

Bitcoin.

© DADO RUVIC / REUTERS

By: Dominique Baillard Follow

13 mins

Bitcoin was conceived and created in the aftermath of the 2008 financial crisis to remedy the excesses of banks and other institutional operators.

Since then, crypto currency has mostly become an object of fantasy.

For those who dream of getting rich easily, as for those who fear its harmful power.

A look back at the success of encrypted currency and its influence on digital currency projects carried out by central banks.

Publicity

We can pay in bitcoin, save in bitcoin.

As long as the seller agrees, this is far from general.

Second condition: have an IT tool at your disposal.

Can we speak for all that of a currency, comparable to the dollar, the euro or the CFA franc?

What are its advantages, its weaknesses?

Is bitcoin a passing or lasting episode in the history of money, how can it disrupt the global monetary order?

Why are central banks wary or seek to regulate them?

To answer all these questions, three economists who are closely interested in bitcoin and cryptocurrencies are with us:

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Odile Lakomski-Laguerre,

lecturer at the University of Picardy Jules Verne in Amiens, researcher at LEFMI.

His specialty: the history of economic thought, theory and monetary innovations.

And since 2014, bitcoin and cryptocurrencies.

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Daniel Ouedraogo,

teacher-researcher and founding member of AFRO.

AFRO is the first pan-African currency, "a cryptocurrency dedicated to the development and growth of the African continent".

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Marion Labouré,

economist at Deutsche Bank, and teacher at Harvard.

Our reports: 

► 

Report

Eco from here eco from elsewhere

on the most glamorous, the most scintillating side of bitcoin: that of enrichment.

This prospect whets the appetites of new French speculators.

Solène Leroux has met some of them. 

REP / France: bitcoin

► 

 In Kenya, some residents have adopted bitcoin in their daily lives.

And they raved about its benefits.

Our correspondent in Nairobi, Albane Thirouard, went to meet them. 

REP / Kenya: bitcoin

► 

Some countries pride themselves on having already launched their own cryptocurrency, such as the Bahamas and its SAND dollar, “ 

sand

 ” for sand in English.

Cambodia, in Southeast Asia, is also at the forefront with the Bakong.

The Managing Director of the National Bank of Cambodia, Serey Chea, refutes the term central bank digital currency for the time being.

She also explains why this mobile payment system was launched, operational since the fall of 2020.

ITV / Serey Chea

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