2018

“‘Bitcoin price is pure speculation’ Bank of Austria chief attacks popular cryptocurrency” – Express | $8,306.54

By Alexander Reed

Last Updated: Dec 27, 2024

bitcoin obituary

BITCOIN’S price volatility is a pedigree of the rampant trader speculation which has fuelled the rise of the cryptocurrency, according to a top member of the Governing Board of the Austrian National Bank, Kurt Pribil.

The banking chief explained his “unambiguous position”, underlining that the way he sees it, cryptocurrencies have no inherent value behind them.

Mr Pribil said: “Bitcoin etc. are by no means currencies, because there is definitely no real value. These so-called cryptocurrencies are pure speculative objects.”

Eulogy made by Kurt Pribil

Source

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Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Alexander Reed
Alexander Reed
Editor

Having delved into futures trading in the past, my intrigue in financial, economic, and political affairs eventually led me to a striking realization: the current debt-based fiat system is fundamentally flawed. This revelation prompted me to explore alternative avenues, including... Read More

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