Bank of France Governor Warns on Bitcoin Risks

[Cordillerabit]

Bank of France Governor Francois Villeroy de Galhau has issued a warning on the high risks of investing in Bitcoin. He claimed that Bitcoin is a “speculative” asset and is neither a currency nor a digital currency.

Speaking at an event in China, Villeroy said that Bitcoin’s value and extreme volatility have no economic basis and those who invest in it do so entirely at their own risks.

"Its value and extreme volatility have no economic basis, and they are nobody's responsibility. The central bank warned that those buying Bitcoin "do so entirely at their own risk."

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