“Investment advice in digital assets” by Silvestre Tandeau de Marsac

  • Revue de Droit Bancaire et Financier - n°3 mai/juin 2020
  • Expert's opinion

Bitcoin, and crypto-actives more generally, are particularly popular among people who do not hesitate to praise the supposed fast-earning virtues of crypto-actives.In an interview with the newspaper Le Parisien, professional tennis player Gaël Monfils talks about his experience of amateur trading on the eToro platform. Similarly, on June 8, 2018, reality TV star Nabilla published a story on Snapchat to praise the merits of Bitcoin and encourage its subscribers to invest in this crypto-active. After sharing his personal experience “I had to put in about 1,000 euros
and I’ve already earned 800 euros”, she made a point of reassuring her audience about the reliability of Bitcoin “after Bitcoin, it’s like an investment because it’s money you can always get back, it’s virtual money” and to conclude “frankly a good investment to make”.
The Autorité des marchés financiers (hereinafter “AMF”) did not fail to react to these statements through Twitter, unusual for a regulatory authority, to remind that any investment generates risks that should not be overlooked.

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