B of E's Jon Cunliffe Isn't Crazy About Crypto Taking Over.
25 Nov 2021, 08:00
B of E’s Jon Cunliffe Isn’t Crazy About Crypto Taking Over
Jon Cunliffe – the deputy governor of the Bank of England – feels the crypto space is spiraling out of control… So much so, that it’s now beginning to threaten the financial stability of both citizens and countries alike.
Jon Cunliffe Thinks Crypto Presents Certain HazardsOver the past few years, the world of cryptocurrency has grown to unprecedented levels. Bitcoin, for example, is the world’s number one digital currency by market cap. At the time of writing, it is trading for over $60,000, while other competing assets like Ethereum have also reached new highs. For many diehard crypto fans, it’s a great time to be investing, but for Cunliffe, things are looking dangerous.