Bitcoin could become ‘worthless’, Bank of England warns
by Richard Partington Economics correspondent from on (#5T1NC)
People investing in the cryptocurrency should be aware of risks, central bank says
The Bank of England has said that bitcoin could be worthless" and people investing in the digital currency should be prepared to lose everything.
In a warning over the potential risks for investors, the central bank questioned whether there was any inherent worth in the most prominent digital currency, which has soared in value this year to close to $50,000 (37,786) a piece.
Continue reading...