Bitcoin investors should prepare for what they will lose all their money invested in cryptocurrency. This opinion came to the member of the ECB Governing Council Gabriel Mahluf.
Understand already, Bitcoin is not an asset
Member of the Gabriel Makhluf Management Board of the European Central Bank said in an interview for Bloomberg TV, which cryptoinvestors can lose all their money in the near future.
As far as this statement reflects the true ratio of Mahlouf to Bitcoin, it is not clear. After all, he recently stated that he did not see "in Bitcoin the threat of financial stability," but only asks users to carefully weigh risks from investment in cryptoacivis.
It is likely that Gabriel Mahluff only voicing the general opinion of the ECB to the Cryptovalut and Bitcoin account in particular. Recall that the head of the European Central Bank, Christine Lagard, stated that Bitcoin should be regulated by the authorities due to high volatility.
Indeed, after the growth of Bitcoin's course before record marks, the VTS volatility broke all records. However, according to the investor Tom Lee, this is quite normal behavior of the crypton. The price of cryptoacivis moves waves, then rising to peak values, then dropping to the minima. Tom is sure that in the near future the CTC rate will decrease, and by the end of the year will rise again to new record marks.
Steel also should be under the supervision of EBTS
The skeptical relationship of the European Central Bank officials is distributed not only to Bitcoin, but also to other digital currencies. Earlier, Christine Lagard expressed concerns about stable coins that can threaten the banking system. According to Lagard, the money of the central bank is more functional and reliable than private stelkins.
An alternative to Bitcoin and the stelkins can become a digital euro, over the creation of which are already working in the ECB.
Speaking about the launch of the digital euro, Lagard itself noted that it will be launched for several years.
The Post Bankers again discourage people from investing in Bitcoin Appeared First On Beincrypto.