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Fri, May 7, 2021 5:53 PM by Coinfomania

Bank of England Governor: Only Those Ready to Lose All Their Money Should Buy Crypto

A popular slogan among crypto investors, “crypto is not for the faint-hearted” somewhat mirrors the recent statements of Andrew Bailey, the governor of the Bank of England (BoE), according to CNBC. Asked at a press conference where the rising value of cryptocurrencies was evaluated, Bailey said: “They have no intrinsic value. That doesn’t mean to say people don’t put a value on them, because they can have extrinsic value. But they have no intrinsic value. He continued “I’m going to say this very bluntly again. Buy them only if you’re prepared to lose all your money.” Andrew Bailey’s statement like

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