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Bitcoin has ‘pretty much failed’ as a currency, Bank of England Governor Carney says

February 20, 2018


Bank of England Governor Mark Carney raised concern over extreme volatility in the world’s best known digital currency.

“It has pretty much failed thus far on … the traditional aspects of money. It is not a store of value because it is all over the map. Nobody uses it as a medium of exchange,” Carney said, according to Reuters.

The central banker made the comments at a talk at Regent’s University, London, on Monday evening.

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