Reply to post: @HildyJ Re: Self Interest, Public Interest

China all but bans cryptocurrencies

Arctic fox
Thumb Up

@HildyJ Re: Self Interest, Public Interest

I entirely agree. The bitcoin market is a classic tulip market. One only has to look at the effect of Elon Motormouth opening his gob on the subject to see how fragile and "airy" that market is. One of the foremost tasks of any central bank anywhere in the world is the maintenance of value and stable currencies are one of the keys to that. Speculative bubbles in currency values of the type we see in the bitcoin markets give any central bank governor nightmares.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon