- Sweden's top central banker said
bitcoin trading was like dealing instamps and suggested that it could crash. - Ingves's comments are broadly in line with what other central bankers have said about bitcoin and
crypto . - In February, Ireland's central bank governor Gabriel Makhlouf said bitcoin investors should be ready to lose all their money.
"Private money usually collapses sooner or later,"
Ingves's comments are broadly in line with what other central bankers have said about bitcoin and crypto. In February, Ireland's central bank governor Gabriel Makhlouf said bitcoin investors should be ready to lose all their money.
"Personally, I wouldn't put my money into it, but clearly, some people think it's a good bet," Makhlouf said. "Three hundred years ago, people put money into tulips because they thought it was an investment."
Likewise, in May, Bank of England governor Andrew Bailey said cryptocurrencies have no intrinsic value and may crash to zero.
"I'm sorry, I'm going to say this very bluntly again: buy them only if you're prepared to lose all your money," Bailey said as dogecoin was surging to new heights.
The Federal Reserve has said it is researching the pros and cons of creating a