Robert Ophele, the chairman of the Autorité des marchés financiers (Financial Markets Regulator), called bitcoin a "dangerous illusion" and a tool for criminals, condemning the cryptocurrency when its value reached $11,000.
It’s a way to purchase illicit goods, it’s a way to launder illicit income, it’s a way to develop and pay for cybercrimes and it’s a pure empty commodity. If it were a currency, it would be a very bad one.
Chairman of the Autorite des Marches Financiers
According to Ophele, Bitcoin has no link to the real economy. He also assumes that due to the growing speculation that Bitcoin will find a lasting role in the financial system, it becomes more complicated for authorities and banks to treat with cryptocurrency.