Bitcoin not a threat to financial stability, say European economists

Survey of 50 academics reveals majority are not worried about risks posed to mainstream markets

Bitcoin poses no threat to financial stability and is unlikely to rattle mainstream markets in the next couple of years, a group of leading European economists have said.

According to a survey of almost 50 academics from universities across Europe by the Centre for Macroeconomics and the Centre for Economic Policy Research, the majority are sanguine about the risks posed by the digital currency despite repeated warnings by senior financiers.