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Bitcoin News & Updates / Here’s why the Bank of England Governor is “very nervous” about Bitcoin
« on: October 22, 2020, 05:25:11 PM »
The Bank of England Governor, Andrew Bailey, has long been a critic of Bitcoin and crypto, offering scathing remarks in the past regarding the inherent value of digital assets.
He has now doubled down on this criticism, noting that he is “very nervous” about people purchasing Bitcoin and trying to use it as a means of transaction due to its immense volatility.
Bailey also believes that the benchmark cryptocurrency lacks intrinsic value and that its massive market cap and value only stems from its “extrinsic value.”
More: https://cryptoslate.com/heres-why-the-bank-of-england-governor-is-very-nervous-about-bitcoin/
He has now doubled down on this criticism, noting that he is “very nervous” about people purchasing Bitcoin and trying to use it as a means of transaction due to its immense volatility.
Bailey also believes that the benchmark cryptocurrency lacks intrinsic value and that its massive market cap and value only stems from its “extrinsic value.”
More: https://cryptoslate.com/heres-why-the-bank-of-england-governor-is-very-nervous-about-bitcoin/