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16 September 2021

Trading Bitcoin Is Comparable To Trading Stamps. Collapse Looming, Says Sweden Central Bank Governor

Trading Bitcoin Is Comparable To Trading Stamps. Collapse Looming, Says Sweden Central Bank Governor


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Much like many other central bankers, Sweden’s Central Bank governor is very skeptical about Bitcoin trading.

According to a Bloomberg article, the governor of Sveriges Riksbank, the central bank of Sweden, questioned the staying power of currencies without government backing.

Ingves’s remarks are in line with what other central bankers have said about crypto.

In February, Ireland’s central bank governor Gabriel Makhlouf said bitcoin investors should be ready to lose all their money.

Similarly, Bank of England governor Andrew Bailey said cryptocurrencies have no intrinsic value and may crash to zero.

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