It's a historic week for bitcoin, but that hasn't stopped global central bankers from issuing a round of warnings about the utility and inherent volatility...
It’s a historic week for bitcoin, but that hasn’t stopped global central bankers from issuing a round of warnings about the utility and inherent volatility of crypto assets.
The central banker said that regulatory scrutiny on crypto, including bitcoin and Ether ETHUSD, +1.22% trading on the Ethereum blockchain, will likely increase as the popularity of digital assets grows. “People will not want their purchasing power, their salary to go up or down 10% from one day to another. You don’t want that volatility for purchasing power. In that sense, it is not a good safeguard of value,” the Mexican central banker said.
Bitcoin hit a near-term peak of $53,000 on Monday but preceded to tumble to an intrasession nadir on Tuesday at around $43,000, according to CoinDesk.
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