Bank of England governor dismissed Bitcoin as a means of payment

[Lenipiw]

Cryptocurrencies like Bitcoin don't quite convince Bailey, but he sees a lot of potential for stablecoins. During a virtual conference hosted by the Brookings Institute, Andrew Bailey, Bank of England’s (BoE) governor, stressed that crypto assets are just “unsuited to the world of payments.”

In prepared remarks on the future of cryptocurrencies and stablecoins, Bailey qualified Bitcoin (BTC) as an asset that has “no connection at all to money.”

Also, he showed reluctant himself to believe crypto assets are a proper investment opportunity, because “their value can fluctuate quite, widely, unsurprisingly.”
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