Bitcoin could become ‘worthless’, Bank of England warns

Bitcoin could become ‘worthless’, Bank of England warns

Cryptocurrency Uncategorized
December 14, 2021 by Elizabeth McKeniser
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People investing in the cryptocurrency should be aware of risks, central bank says The Bank of England has said that bitcoin could be “worthless” and people investing in the digital currency should be prepared to lose everything. In a warning over the potential risks for investors, the central bank questioned whether there was any inherent

People investing in the cryptocurrency should be aware of risks, central bank says

The Bank of England has said that bitcoin could be “worthless” and people investing in the digital currency should be prepared to lose everything.

In a warning over the potential risks for investors, the central bank questioned whether there was any inherent worth in the most prominent digital currency, which has soared in value this year to close to $50,000 (£37,786) a piece.

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