cryptocurrencies, a refuge from the erosion of savings?

DECRYPTION – While rising prices are hitting Western countries hard, classic savings books are competing with new cryptocurrency offers.

It is close to 70% in Turkey, it led the American central bank to announce this week its biggest increase in the key rate since 2000 and gives Bruno Le Maire, the French Minister of the Economy, a glimpse of the worst.

Inflation, “ primary subject of economic concern ” according to this Minister, passing through Évreux on May 5, poses a concrete threat to the purchasing power of the French. And the Ukrainian crisis has only confirmed the gloomy prospects that the pandemic augured.

With the help of confinement, the French had already tended to look into the diversification of their savings. At the heart of the Covid crisis, in April 2020, investors rediscovered the interest of stock market investments, leaving online brokers to record crowds. At a time when inflation threatens to erode even the woolen socks favored by the French – foremost among them the Livret A – the movement could considerably accelerate and widen…

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