{"id":87533,"date":"2020-10-12T21:05:58","date_gmt":"2020-10-12T18:05:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/boe-governor-continues-to-assert-bitcoin-has-little-intrinsic-value\/"},"modified":"2020-10-12T21:05:58","modified_gmt":"2020-10-12T18:05:58","slug":"boe-governor-continues-to-assert-bitcoin-has-little-intrinsic-value","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/boe-governor-continues-to-assert-bitcoin-has-little-intrinsic-value\/","title":{"rendered":"# BoE governor continues to assert Bitcoin has ‘little intrinsic value’"},"content":{"rendered":"

“# BoE governor continues to assert Bitcoin has ‘little intrinsic value’ <\/strong>”
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Bank of England Governor Andrew Bailey\u2019s position on crypto app<\/a>arently hasn\u2019t changed despite the economic fallout of the pandemic in the United Kingdom.<\/p>\n

According to an Oct. 12 report from Reuters, Bailey spoke<\/a> at a Bank of England, or BoE, question and answer session with members of the U.K. public on Monday. At that time, he stated that he was \u201cvery nervous\u201d about people using Bitcoin (BTC) for payments. The governor said people should consider the asset’s volatility when it came time to invest.<\/p>\n

\u201cI have to be honest, it is hard to see that Bitcoin has what we tend to call intrinsic value,\u201d said Bailey. \u201cIt may have extrinsic value in the sense that people want it.\u201d <\/p>\n

The BoE governor\u2019s statement is a reaffirmation of his thoughts on the cryptocurrency. During his time as the head of the U.K.\u2019s Financial Conduct Authority, Bailey told members of the Parliament at a Treasury Select Committee hearing that investors should \u201cbe prepared to lose all [their] money\u201d as the crypto asset holds no intrinsic value.<\/p>\n

This story is developing and will be updated.<\/em><\/p>\n<\/div>\n

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For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n

\n

If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# BoE governor continues to assert Bitcoin has ‘little intrinsic value’ ” Bank of England Governor Andrew Bailey\u2019s position on crypto apparently hasn\u2019t changed despite the economic fallout of the pandemic in the United Kingdom. According to an Oct. 12 report from Reuters, Bailey spoke at a Bank of England, or BoE, question and answer…<\/p>\n","protected":false},"author":1,"featured_media":87534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.eu-central-1.amazonaws.com\/s3.cointelegraph.com\/uploads\/2020-10\/80fc2dc3-0877-4e0a-933a-0c5f339a6144.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75044,74899,70934,8820],"class_list":["post-87533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bank-of-england","tag-bitcoin-adoption","tag-regulation","tag-uk"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/87533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=87533"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/87533\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/87534"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=87533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=87533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=87533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}