RATE Group | Blow To Bitcoin As Former ECB Boss Makes Dire Warning Over Crypto’s Future
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Blow To Bitcoin As Former ECB Boss Makes Dire Warning Over Crypto’s Future

14 Nov Blow To Bitcoin As Former ECB Boss Makes Dire Warning Over Crypto’s Future

Posted at 13:46h in Cryptocurrency News by

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Bitcoin and cryptocurrencies have attracted strong criticism from the world’s central bankers this year–sparked, perhaps, by Facebook’s plans for its own bitcoin rival.

The bitcoin price soared in the first six-months of this year only to stall amid concerns lawmakers and regulators could be poised to crackdown on the nascent bitcoin and crypto industry.

Now, former European Central Bank (ECB) president Jean-Claude Trichet has slammed bitcoin and Facebook’s libra project, warning bitcoin is “not real” and not the future of money.

“I am strongly against bitcoin, and I think we are a little complacent,” said Trichet, speaking during a panel discussion at Beijing-based media group Caixin’s annual conference last weekend. His comments were first reported by the South…

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