Another British leading financial regulator has sent a serious warning to all Bitcoin buyers (Which seems to scare no one)
The chief executive of the Financial Conduct Authority (FCA) Andrew Bailey, told BBC âNewsnightâ on Thursday, 14 December 2017 "If you want to invest in Bitcoin, be prepared to lose all your money."
He said, âa lack of backing from governments and central banks for the world's most popular digital currency was evidence that putting money into Bitcoin was not a secure investment. He also said buying Bitcoin was akin to gambling because it had the same level of risk.â
This is another in the long line of critics and enthusiasts who are seriously against the Bitcoin meteoric price rise, leaving current Bitcoin investors scrambling to understand the driving factors for the cryptocurrencies runway rally.
"If you look at what has happened this year, I would caution people â¦ We know relatively little about what informs the price of Bitcoin," Bailey told the BBC.
All these financial experts are completely entitled to their opinion, but itâs getting a bit boring now. The bubble, the donât invest, the stay away, people donât seem to care. These statements donât scare these investors, plus most Bitcoin investors are sensible enough to realise what theyâre getting themselves involved with.
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