Bank of England Governor Still Isn’t a Fan of Bitcoin

Bank of England Governor Still Isn’t a Fan of Bitcoin


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.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Andrew Bailey Isn’t a Fan of Bitcoin

Trending: Shocking Text Messages Show Joe & Jill Biden COLLUDED To Cover Up Hunter’s Actions With A MINOR

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

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Send this to a friend