Bank of Japan governor slams Bitcoin, calls BTC a speculative asset

Bank of Japan governor slams Bitcoin, calls BTC a speculative asset


Haruhiko Kuroda, governor of the Bank of Japan has joined the roll call of central bankers taking aim at Bitcoin (BTC) amid the current volatility.

According to a report by Bloomberg on Friday, Kuroda argued against the value proposition of the largest crypto by market capitalization, stating:

“Most of the trading is speculative and volatility is extraordinarily high. It’s barely used as a means of settlement.”

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The BOJ governor’s criticism comes as Bitcoin experienced an over 50% drawdown from its $64,000 all-time high price milestone achieved back in mid-April.

Indeed, several central bankers have taken Bitcoin’s current price wobble as an occasion to slam BTC and cryptocurrencies in general.

Earlier in May, Luis de Guindos, vice president of the European Central Bank also expressed negative sentiments about Bitcoin. As previously reported by Cointelegraph at the time, the ECB executive argued that cryptocurrencies had weak fundamentals and did not qualify as a real investment.

Recently, Lars Rohde, governor of Denmark’s central bank, dismissed the possibility of

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