BIS head: Bitcoin "freeloading" on institutional trust - FT

Joshua Gibson FXStreet

The head of the Bank for International Settlements Agustín Carstens spoke with the Financial Times, and made several comments about his opinions on Bitcoin.

Key quotes:

cryptocurrencies "piggybacking" on mainstream institutions
becoming a "threat to financial stability"
bitcoin "a combination of a bubble, a Ponzi scheme and an environmental disaster"

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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