9/9/2021- 7:54 a.m.
Central Bankers WARN Bitcoin’s value could COLLAPSE dramatically due to its poor store of value
Global central bank chiefs are voicing their doubts about the utility and inherit volatility of crypto assets – warning regulatory scrutiny of digital currencies like BTC will increase as popularity grows.
The gov. of Sweden’s central bank forewarned that bitcoin’s value could collapse DRASTICALLY at a recent banking conference in Stockholm, comparing the digital currency to stamp-collecting with reservations on its validity and long-term feasibility.
Bank of Mexico’s gov. Alejandro Diaz de Leon said that bitcoin was a tool for barter rather than viable as a legal tender on Thursday while the Bank of England’s fintech director, Tom Mutton, stated central bank digital currencies will likely be “tens of thousands of times more efficient per transaction” than bitcoin.
