Some other advantages of using cryptos:
- There is no central bank.
- Global monetary policy, therefore, has minimal impact on its price.
- Transfer fees are extremely low.
- Transfers take no more than a few minutes.
- Transfers have no limits or boundaries. Regardless of which country you live in, you can transfer cryptocurrencies.
- There is no limit or minimum to be transferred. And once you own Bitcoins or other cryptos, no one — your bank, a regulator, or anyone else — can prevent you from using them as you see fit.
- There is no intermediary, such as a bank or a broker, when transferring funds; this is done directly, peer-to-peer.
- Transfers are also irreversible. The recipient cannot, therefore, have an amount that has been received withdrawn or cancelled.
- Transactions are completely anonymous; even if there is a public register of transactions with Bitcoins, they are not nominative. For privacy enthusiasts, services (called "mixers") exist to remove any link between the sender and recipient.
- It is impossible to counterfeit or usurp them.
- Anyone can use them and transfer funds, both natural and legal persons.
- You can store your cryptos (including large amounts) on a computer, a USB key (with passwords), or even a simple piece of paper; there is no need for a safe or other secure storage options.
- You can also, very easily and at any time, convert them to €, $, or other currencies.
- Lastly, if you want to protect yourself from the volatility of certain cryptocurrencies, you can opt for "stable coins", i.e. cryptocurrencies indexed to a FIAT currency (such as the $ for example).
--> We remain convinced of the rise of cryptocurrencies — at least some of them. One can even imagine they can take precedence over the money we know (FIAT), especially in the event of a systemic financial crisis or a debt crisis that would see the erasure of all existing FIAT currencies.