The Swedish Central Bank has made a statement that will anger Bitcoin (BTC) investors and the crypto community. The Central Bank compared cryptocurrency to stamp collecting.
The main concern in the Swedish Central Bank Governor’s criticism of Bitcoin was that digital assets could not function and thrive without regulators and government support.
Crypto Asset May Face A Huge Loss
According to the opinion of Swedish Central Bank Governor Stefan Ingves expressed at a financial event in Stockholm, Bitcoin will face a huge loss in the crypto asset market. Private money will face a huge loss in the cryptocurrency market.
Despite this criticism, Ingves does not deny that it is possible to make a small fortune by trading cryptocurrencies. But according to him, you can also make this small fortune by collecting and trading stamps. The head of the Swedish Central Bank also stated earlier this year that Bitcoin would be subject to regulation.
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