BoE Governor Andrew Bailey called cryptocurrencies “dangerous” in front of the British parliament's Treasury Committee earlier today:
I'm skeptical about crypto-assets, frankly, because they're dangerous and there's a huge enthusiasm out there.
Alex DovbnyaThe total cryptocurrency market cap is currently down 40 percent since his warning. Overall, the crypto market had erased over $1.4 trillion in under two weeks before seeing some recovery this Monday.
Last September, Bailey described Bitcoin as “highly risky.”
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Arman Shirinyan
Dan Burgin
Vladislav Sopov