© Reuters.
Investing.com – Central bankers generally frown on cryptocurrencies and cryptocurrencies in general, and the bank provided further evidence of that dislike in the voice of its chairman yesterday.
Bitcoin “does not constitute (…) a store of value, but rather a speculative asset, which is somewhat similar to tulip bulbs in the Netherlands in the 17th century”, declared François Villeroy de Galhau during an innovation forum organized by the BRI.
Recall that the tulip bubble, sometimes called “tulipomania”, refers to the first speculative bubble in modern history, when the price of tulip bulbs reached peaks before collapsing in 1637.
The Governor of the Banque de France also addressed the case of stablecoins, cryptocurrencies whose value is backed by a FIAT currency (MI:).
According to him, they “create a certain fragmentation and are marred by regulatory and operational uncertainties”
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