Bitcoin's days are numbered, warns Bank of England governor | Crypto Craft

  • Bitcoin's days are numbered, warns Bank of England governor

    From thisismoney.co.uk

    Bitcoin and other existing crypto-currencies will not last as technology develops, Bank of England governor Andrew Bailey has warned. Speaking on a panel about digital currencies at the World Economic Forum's online Davos Agenda, Bailey said that digital innovation in payments was 'here to stay'. But he said that crypto-currencies in their current state were not likely to be the final settling point, as businesses, consumers and regulators would look for digital currencies which are stable, safe and well-designed before fully shifting away from traditional currencies like the pound and dollar. Bailey said: 'Are ... (full story)

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LloydOz
Jan 26, 2021 5:16am
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He sees it as a given that people will move away from fiat trash like the pound and the US dollar towards something else.

Either he is warming people to the possibility of another bureaucrat hair-brained scheme, or simply admitting that he has no idea - I think he probably thought he was attacking Bitcoin. Not quite sure that worked quite as planned.

Was saying things like that in his job description for BoE governor?
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