The Limited Times

Now you can see non-English news...

Inflation: cryptocurrencies, a refuge from the erosion of savings?

2022-05-08T21:52:51.144Z


DECRYPTION - While the rise in prices is hitting Western countries hard, classic savings accounts are competing with new offers in cryptocurrencies.


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, "

first 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.

Read alsoCryptocurrencies: precautions to take before investing

With confinement helping, the French had already tended to look into diversifying 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…

This article is for subscribers only.

You have 84% left to discover.

Cultivating your freedom is cultivating your curiosity.

Keep reading your article for 1€ the first month

I ENJOY IT

Already subscribed?

Login

Source: lefigaro

All news articles on 2022-05-08

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.