ECB’s Hansson: Sooner or later the cryptocurrency bubble will burst

The ECB Governing Council member Ardo Hansson was on the wires last minutes, speaking in an interview with Estonia's Eesti Paevaleht newspaper.

Key Headlines:

Rationality has disappeared in cryptocurrency sector

Cryptocurrency bubble is like a religious sect.

A lot of emotion involved, which helps in creating a bubble.

Sooner or later the bubble will burst.

We will see where the new equilibrium will be.

Estonian central bank isn't planning to regulate virtual currencies as volume aren't threatening financial stability yet.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.