Irish central bank governor says crypto investors could lose all their money

Cointelegraph

Published Jan 29, 2021 08:36AM ET

Updated Jan 29, 2021 10:40AM ET

As the Bitcoin (BTC) price sees a sharp upsurge, the governor of the Central Bank of Ireland has voiced his concerns about cryptocurrency investments.

Gabriel Makhlouf, who is also a governing council member of the European Central Bank, warned the public about the risks of crypto investment on Bloomberg TV this Friday. The central banker specifically referred to a recent warning by the United Kingdom’s Financial Conduct Authority on Jan. 11:

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