cryptocurrency

[Pokesan]

Bank of Canada boss says bitcoin is GAMBLING and NOT an investment

https://www.express.co.uk/finance/ci...-Canada-dollar

But Mr Poloz issued a stark warning to cryptocurrency investors. He said: “A lot of words have been used but I think the main thing is, buyers should be aware it is much closer to gambling than investing.”

He said bitcoin has no intrinsic value, therefore it would not be classed as an asset and is instead “speculative or gambling”.

Mr Poloz also outlined his plans for the Bank of Canada’s own digital currency. He said: “All the major banks have active research agendas on this.”

But Mr Poloz said he does not think bitcoin will be part of a digital currency of central banks.