Bank of England Governor: "If you want to buy Bitcoin, be ready to lose all that money"

Post a Comment

Bank of England Governor:

Andrew Bailey – who is about to be appointed as a leader at the Bank of England, issued a warning to Bitcoin investors: “Be prepared to lose all your money.”

Bailey previously expressed his negative views on Bitcoin in December 2017 in one interview with BCC's Newsnight. “Buying Bitcoin is similar to gambling,” he said, because “Bitcoin is not a currency” and “a very volatile commodity in terms of price.”

Bailey was the deputy governor of the Bank of England from April 2013 to July 2016. Recently, he was appointed as governor of the Central Bank and will begin his term on 16 March. 2020.

“If you want to invest in Bitcoin, be mentally prepared to lose all of your money – that would be my serious warning,” he told the BBC at the time.

In a speech on Wednesday before the UK Parliament, Bailey reiterated her previous views.

“There is no guarantee of the value of Bitcoin,” he stated, according to one video published on Twitter. "I made a public statement because we were concerned about that – if you want to buy Bitcoin, be ready to lose all your money. If you want to buy it, fine, but understand that what you hold has no intrinsic value. It may have external validity, but no intrinsic value. "

Maybe you are interested:


Join our channel to stay up to date on the most useful news and knowledge at:

According to The Block
Translated by ToiYeuBitcoin

By insurancefinances.com
Nguyen Diep
My name is Nguyen Manh Cuong. I was born in a poor village in Ba Vi district, HA NOI province - windy and sunny land. Currently

Related Posts

There is no other posts in this category.

Post a Comment

Subscribe Our Newsletter
Back to Top