BoE’s Governor Carney Says Bitcoin Fails as a Substitute Currency
Posted: Sun Feb 18, 2018 9:09 pm
Bank of England Governor Mark Carney sees fundamental problems with the concept of Bitcoin as a viable currency when measured by standard benchmarks.
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Responding to questions from students at London’s Regent’s University on Monday, the BOE governor said that there are two big problems with bitcoin as a credible currency: its value is unstable, and it can’t be a “useful way to buy things.”
The most important feature of a currency is to be a stable store of value. Yet, the wild swings in the value of digital ... (read more)