Warning
In contrast, economist and professor of economics and international relations at Sorbonne University Camille Al-Sari warned, in statements to Al Jazeera Net, against believing that Bitcoin will be the currency of the future or the best means of achieving profits.
He stressed the existence of safer options, such as gold, thanks to its long history and multiple uses in jewelry and central bank reserves.
Bitcoin achieved several record numbers throughout 2024, and crossed the $100,000 threshold for the first time, to lead the sector amid a broader rise in cryptocurrencies after Donald Trump won the US presidential elections, according to the American magazine "Forbes".
But its historic rise to $100,000 was not the best performance in the market by a cryptocurrency last year, thanks to many alternative currencies and meme currencies (influenced by social media signals) that also rose significantly.
At the same time, financial analyst Ahmed Aql spoke about the possibility of new currencies competing with Bitcoin with the support of central banks, such as the digital dollar or euro. However, Bitcoin remains the most important digital currency, but it faces challenges in being the first choice for investment due to its small number and high prices, which makes investment institutions wary of it and not rely on it as the only option.
Aql believes that cryptocurrencies will remain an important part of investment, despite their use being limited to individuals at a higher rate than large institutions.