Everyone has understood that it is not normal that the value of an asset is multiplied by 17 in the space of a year only.
That the Vienna bitcoin to achieve such financial acrobatics does not make it a safe vehicle that will be able to continue such unlikely ascension.
The last time that we saw a similar phenomenon, it was at the end of the 1990s when the companies of the Internet have massively made their entry into the stock market to be valued at ratios of totally out standards.
A company which had never realized in the whole of its history a single cent of profit could achieve a stock listing and be valued at a price which represents 500 times its only annual income.
You bought a potential value in assigning it a value real and it has put in place a very complacent a formidable speculative bubble.
Such financial aberrations can occur on a short period of time, but they are always very severely sanctioned.
The abnormal has when even well the limits and the market always ends by the recognize, as recalled at the beginning of the week a text of the Associated Press broadcast on lapresse.ca.
Four speculative bubbles have marked the history: the crisis of the Dutch tulips of the seventeenth century, the Japanese crisis of the 1990s, the Internet, of course, in 2000 and finally the American crisis of mortgage loans at risk in 2006.
In each case, the correction has been severe and the investors who had played too much greed have been severely punished. And that is exactly what may occur in the near future with the bitcoin.
One day or the other, this cryptomonnaie who benefits from the conflagration of its own market of exchange will retrieve a value more just and more close to what it is really worth rather than that attributed to him artificially.
The blindness voluntary, it works a the end of time, but this is certainly not the way of the investment to follow that we would advise today Stephen Jarislowky.
