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Andrew Bailey, Governor of the Bank of England (BoE), has reiterated his stance against cryptocurrencies, during his recent speech at the Mansion House in London.
Bailey, who has previously voiced his concerns about the speculative nature of digital currencies, said Monday that Bitcoins have “no intrinsic value and are highly volatile.” He also noted that cryptos like Bitcoin (BTC) are “best treated as extremely speculative investments.”…
Read More: Crypto and Stablecoins Are Not Money, Says Bank of England Governor in Favor of ‘Enhanced Digital Money’
Bailey, who has previously voiced his concerns about the speculative nature of digital currencies, said Monday that Bitcoins have “no intrinsic value and are highly volatile.” He also noted that cryptos like Bitcoin (BTC) are “best treated as extremely speculative investments.”…
Read More: Crypto and Stablecoins Are Not Money, Says Bank of England Governor in Favor of ‘Enhanced Digital Money’
