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Sweden's central bank governor talks crypto collapse: Bitcoin is like 'trading in stamps'
A new warning of a potential crypto collapse comes from Sweden's central bank governor, who compared trading bitcoin to "trading in stamps." "Private money usually collapses sooner or later," Sweden's Riksbank Governor Stefan Ingves said at a Swedish banking conference last week. "And sure, you can get rich by trading in bitcoin, but it's comparable to trading in stamps." Ingves already stated earlier this year that cryptocurrencies will face regulatory oversight when they become more mainstream. Ingves joins other central bank governors who question the crypto space. In May, Bank of England governor Andrew Bailey ... (full story)