"100,000 euros won in four years": bitcoin, the new El Dorado for young investors

Stanislas is an addict.

The 25-year-old, from the Paris region, invests around 500 euros in bitcoin every month.

“Since the curves go up and down quickly, I take less risk!

He said.

Its strategy is winning and flourishing.

Stanislas has full pockets.

“Since I started, four years ago, my net profit is 100,000 euros.

I don't touch it.

The day I want to buy an apartment, I will get a little out of it… ”The enormous added value has something to salivate.

For the sake of "security", he explains, Stanislas requested anonymity.

“This can attract envy, worries the young man, a digital executive.

More and more people are interested in it, purely for the lure of money.

"

A record high of $ 50,000

At a time when this cryptocurrency reaches a value of 50,000 dollars (41,000 euros), a record, bitcoin is indeed beginning to infuse in the minds of the French.

As nebulous as it is.

According to an Ifop poll for CoinTribute, which we are unveiling exclusively, 83% of French people say they have “heard” about this digital currency.

"The level of awareness is very high, but knowledge is poorly developed", underlines Etienne Berthoz, in charge of the study at Ifop.

43% of people who say they know bitcoin don't see exactly what it is.

Bitcoin is a decentralized virtual currency, or cryptocurrency.

It is neither regulated by a central bank, like the dollar or the euro, nor dependent on the results of a company, like a stock market share.

Its value increases or decreases in an unpredictable way, according to the interest one carries to it.

Although it is a "currency", investors use bitcoin, or other "crypto" (Ripple, Dogecoin, Ethereum, etc.), as a safe haven, like gold or precious materials.

Payments with this virtual currency remain rare, but are developing: PayPal will thus make it possible to pay with bitcoin.

Another characteristic is that it is exchanged anonymously and is thus often likened to the financing of illegal activities (drugs, weapons, terrorism).

But, in effect, all transactions are tracked and linked to the user's IP address.

40% of potential investors are employees or workers

The attraction for this virtual currency is very pronounced among young people.

32% of 18-24 year olds and 25% of 25-34 year olds say they have already invested or are planning to do so.

When the national average, it rises to 17%.

“Our parents and grandparents invested in gold.

It's the same for us, but in the virtual world.

We are the digital generation, so we are not afraid to go for bitcoin, ”says Stanislas.

Only 18% of those 50 and over are ready to venture into the world of cryptocurrencies.

“Young people have a form of mistrust of traditional financial institutions and systems, so they turn to a different model.

Unlike the good fathers of wealthy families who have succeeded, analyzes Claire Balva, CEO of BlockChain Partner, specialist in cryptocurrencies.

Hence the difference in ideological vision and interest according to age: why take risks in the virtual world when you are already making money on the stock market?

"

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The lure of profit, precisely, represents "the" reason for investing.

91% of buyers bet on bitcoin "to make money," the study said.

All hope to touch the jackpot thanks to a meteoric rise in value, like Stanislas and his 100,000 euros.

Moreover, contrary to popular belief, it is not the wealthiest people who take risks.

40% of investors - or future investors - are employees or workers.

And 42% of followers ready to get started have a salary of less than 1318 euros.

Keep a cool head

“According to my interpretation, the typical profile of the investor is someone who is not very managerial and has an attraction for risk.

In people's minds, bitcoin is the new El Dorado!

», Comments Etienne Berthoz.

Proof of this is that 42% have already tried sports betting, 45% like poker-type card games, 20% are passionate about Loto and scratch games.

Stanislas, despite his flamboyant success in cryptocurrency, wants to keep a cool head.

He even believes that investors hungry for quick profits are “on the wrong track”.

“I think we really have to see this as a safe haven, it's the gold of the 21st century!

he insists.

As the popularity of bitcoin increases, so much the better.

But the best would be for everyone to invest in a measured way, with a long-term vision.

"