Bank of England's Governor Warns About Crypto Amid Bloodbath — 'Be Prepared to Lose All Your Money'
The governor of the Bank of England, Andrew Bailey, has reiterated his warning about cryptocurrency investing after U.S. crypto lender Celsius abruptly froze withdrawals. He stressed that investors should be prepared to lose all their money, emphasizing that crypto has no intrinsic value.Bank of England Governor Andrew Bailey reiterated his concerns about cryptocurrency investing to the British parliament’s Public Accounts Committee Monday.
Responding to a question on how regulators’ duty to protect consumers could clash with the government’s plan to promote financial innovation, he was quoted by Reuters as saying:“People may still want to buy them because they have extrinsic value,” he continued, adding that “people value things for personal reasons.”But they don’t have intrinsic value. This morning we have seen another blow-up in a crypto exchange.
Source: Digital Coin News (digitalcoinnews.net)
Have £10 for free, absolutely no risk!
I'm buying Tether to save my money, what about that?
Low inflation, trust, and stable? Are you kidding me? banking Corruption inflation liar ponzischeme bankofEngland bullshit CentralBanks inflationmademe bankingservices fraud
That sounds very intimidating. But you are not in danger of losing money if you invest wisely.
Invest on BTC now Or never $PAW
It's almost like there isn't a global liquidity squeeze.
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I better invest my usdt in bitcoin and lose some money than hold it in your bank.
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So like investing in anything?
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Bitcoin will rise and sterling will fall ratehike
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Only reason this guy was made BoE governor was because he was willing to keep his mouth shut about the disaster Brexit would be for UK.
Fuck it. Better than the government stealing from me. At least I made the choice. Leave my money in fiat and watch it slowly bleed away and become worth less and less. Banks = trash. Lend out my money at insane interest rates and give me my .06% return? 🖕🏻 monetaryrevolution
Spoken as if you can’t do the same in the stock market or a casino 😂
FUD $paw
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what about bank of china? what they saying?
How heavy of a short position do these guys have? Such an easy game when they get to front page Fud every day. 🗑 🤡
He's completely rigt, but I'm sure these guys have all the wrong reasoning behind these words
IF YOU CAN'T HANDLE THE DUMPS, YOU DON'T DESERVE THE PUMPS. P.S. EQUITIES (EVEN LARGE CAPS) ARE NOT LOOKING TOO HOT, SO STOP THIS BS!
You changed my life by bringing me out of debt I don’t t think You know how much impact you’ve made in my life during this short period. I will keep telling people about your good works in my life I’ve made more than 3BTC since we crossed paths anthonybouc1
Did he say the same about stocks? $PAW
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let's just start
Anyone know how to do it tax free?
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