Bank of England Governor Says Bitcoin Investors Could Lose All Their Money
CoinEdition
Published May 08, 2021 03:41AM ET
Updated May 08, 2021 04:00AM ET
Bank of England Governor Says Bitcoin Investors Could Lose All Their Money
- Andrew Bailey, Bank of England Governor warned people about Bitcoin
- Bailey says that investors should be prepared to lose all their money
- His reasons are that BTC has “no intrinsic value”
Last year, Bailey expressed his doubts about Bitcoin’s intrinsic value. He once again underscored his belief that Bitcoin has “no intrinsic value”.
Back in January, he went on an interview called Resetting Digital Currencies and expressed his doubts on how crypto will last. According to him, “no existing cryptocurrencies will last.”
In the press conference, Bailey warned investors:
“I’m going to say this very bluntly again; buy them only if y...This article was first published on coinquora.com
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Written By: CoinEdition
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