While central banks are embracing digital currencies, they still aren’t a fan of Bitcoin and other cryptocurrencies. The Bank of England’s recently-instated governor made that view clear just recently when he asserted that the leading cryptocurrency isn’t valuable in his eyes.
The governor, Andrew Bailey, has been touting this opinion for many years.
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According to Reuters, Bailey said on Monday that he still doesn’t believe that Bitcoin has any intrinsic value. Speaking at a Bank of England question and answer session with the public, he elaborated:
I have to be honest, it is hard to see that Bitcoin has what we tend to call intrinsic value… It may have extrinsic value in the sense that people want it.”
As aforementioned, he has been sharing this opinion for many years. He told the BBC in late 2017, when he