Bank of England governor compares crypto to collectibles 2023
Bank of England governor compares cryptocurrencies to collectibles
The CEO of the Bank of England, Andrew Bailey, believes that cryptocurrencies, unlike the state digital currency, blockchain and crypto have no value.
Bank of England CEO Andrew Bailey, during an interview, compared investors in cryptocurrencies to collectors. He stated that “people collect all sorts of things.”
Bailey agreed that “basic cryptocurrency technology” such as blockchain and crypto is necessary. He added that the bank is going to build on them to develop a public digital UK.