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Irish central banker warns bitcoin investors they could lose it all
He says central banks want to protect them.
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By Peter Flanagan and Francine Lacqua
Bloomberg News
Friday, January 29, 2021
Bitcoin investors need to be prepared to "lose all their money," European Central Bank governing council member Gabriel Makhlouf said today, the latest warning from a central banker on the cryptocurrency.
"I'm not sure why people invest in those sorts of assets, but they see them as assets clearly," Makhlouf, who is also governor of Ireland's central bank, told Bloomberg TV. "Our role is to make sure that consumers are protected."
... Dispatch continues below ...
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Makhlouf's comments echo skepticism from ECB leaders. The cryptocurrency is a "highly speculative asset," President Christine Lagarde said this month.
Bitcoin prices have more than doubled since November and topped $40,000 earlier this month. Large movements in its value are common, with four daily swings of more than 5% in the past nine days. ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2021-01-29/bitcoin-investors-may...
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