Cryptocurrency and bitcoins: 10 things to know about the origin of this digital currency

Cryptocurrency and bitcoins: 10 things to know about the origin of this digital currency

MISE & Agrave; DAY

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Cryptocurrency and bitcoins: 10 things & agrave; know about the origin of this digital currency

You get the impression that everything around cryptocurrency looks like a language invented by < strong> geeks who have spent too much time in their basement?

To better understand the situation, we spoke with Alexandre F. Roch, full professor in the Department of Finance at the School of Management Sciences at UQAM. He explains to us the origin of cryptocurrency and decrypts, among other things, bitcoins and the blockchain.

What explains the reluctance towards cryptocurrency? & nbsp; & nbsp;

“The main reason is perhaps psychological”, analyzes Professor Alexandre F. Roch. “It's not tangible, it's true, but many things are intangible! “& Nbsp;

He points out that cash transactions are becoming more and more abstract. “They may be in the order of 10%. This means that already, 90% of transactions are virtual ”, and that direct transfer practices or through dedicated platforms are … commonplace!

The future of cryptocurrency & nbsp; & nbsp;

The professor recalls that cryptocurrency is first and foremost “from the counter- culture, in a way to thumb its nose at standards and government authority. “& Nbsp;

Looking at the astonishing journey of cryptocurrency, the professor believes that the phenomenon will always be marginal, even if there are more and more institutional investors who have followed suit with smaller investors who have speculated on the value of cryptocurrency.

Wallet invites you to study cryptocurrency well and to deepen your research. To make other types of informed investments , do not hesitate to consult a financial security advisor of the Sun Life , which will help you make the right choices.

 Cryptocurrency and bitcoins: 10 things to know about the origin of this digital currency

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