The new governor of the Bank of England: if you buy bitcoin, be prepared to lose all the money
https://preview.redd.it/99vsc35ihvk41.jpg?width=2000&format=pjpg&auto=webp&s=e7c59f9c8f422d1554fab137b9244c6138eb98d0 Andrew Bailey, who assumes the position of the governor of the Bank of England, said that Bitcoin has no intrinsic value, and investing in it will result in a loss of funds. "If you want to buy Bitcoin, be prepared to lose all your money. If you want to buy it — buy it, but understand what's you've got. It has no intrinsic value," Bailey said. This is not his first statement about cryptocurrency. In 2017, the advised against investing in BTC, calling it “volatile” and “an odd commodity in terms of its pricing”.
[uncensored-r/Bitcoin] Cryptocurrency news: Bitcoin has 'FAILED' as a currency, Bank of England boss declares
The following post by VY99 is being replicated because some comments within the post(but not the post itself) have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7yr1l8 The original post's content was as follows:
Bitcoin News; Bank of England Still Debating Creation of Central Bank Digital Currency, Says Bailey. July 15, 2020. 583. Share. Facebook. Twitter. ReddIt. Telegram. Pinterest. WhatsApp. Advertisment. Bank of England (BoE) Governor Andrew Bailey said Monday that the institution is still debating whether it should create a central bank digital ... Bitcoin News has written about Facebook’s busy work in discussing and negotiating with financial and tech institutions over the past months. Its founder, Mark Zuckerberg, had been in a meeting with Bank of England governor Mark Carney in April to talk about the risks and opportunities of launching such a crypto. They later even met with ... In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with "profound ... Sep 06, 2020 at 11:02 // News The governor of the Bank of England admitted that payment innovations like cryptocurrency, stablecoins, central bank digital currencies (CBDC), etc., have been gaining momentum due to the lockdown. Nonetheless, he stresses that the emergency of these payment alternatives should not sidetrack people from the central banks’ role […] Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH.
Bank of England talks negative interest rates in best ‘ad ...
During a virtual conference hosted by the Brookings Institute, Andrew Bailey, Bank of England’s (BoE) governor, stressed that crypto assets are just “unsuite... Bitcoin ( BTC ) is getting its best “advertisement” once more as another major central bank floats the idea of charging people to save their money. As Bloomb... Bank of England chief Mark Carney says 'fools' are investing in cryptocurrencies like Bitcoin and they must now be 'held to same standards' as rest of the financial system.Mark Carney launched a ... Bank of England looks at how bitcoin could displace the Pound Sterling and what effects that could have on inflation, wages, money, and banking. Category News & Politics During a virtual conference hosted by the Brookings Institute, Andrew Bailey, Bank of England’s (BoE) governor, stressed that crypto assets are just “unsuite...