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Bitcoins / Breaking News

“Bitcoin Has Failed” – Governor Mark Carney

Mark Carney is a very smart man, so smart that in 2012 he was made the Governor of the Bank of England and has been doing a good job ever since. He is though, unsurprisingly, stuck in the old ways of dealing with money and is a traditionalist.

There are many people who are dismissive of digital currency and want it to fail, it feels as though Carney is in this category. He is recently quoted as saying “Bitcoin has failed”, which to anyone with knowledge on cryptocurrency will tell you is simply not true.

Sometimes technology comes along that fundamentally changes the way that people think about the way the world works, and the traditional order of things. Carney should know this well, as one of these changes was the introduction of mobile banking which received a lot of distrust when it initially popped into your app store.

Mark Carney Talking Front View

People have now learned to trust the service, just as in the future, they will learn to trust digital currency. Whether Carney likes it or not, digital currency is not going away, and will be around long after he retires. Whilst Bitcoin may have come back down to Earth in 2018, it is still thriving as a currency.

Cryptocurrency is here to stay

Even if Bitcoin fails, there will be another digital currency to take its place. The world of cryptocurrency is changing every day, but it will succeed because people no longer want to be slaves to the traditional banks that Carney oversees.

He is a traditionalist, and one of many who don’t want to see change. Change though, is coming, and when digital currency is traded by almost everyone in the future, it will make everyone who made comments such as Carney’s feel very foolish.

The Governor of the Bank of England should be more careful and accepting of a currency that will fundamentally change his industry. These kind of words sooner or later, will come back to haunt him.

Source: https://www.youtube.com/watch?v=0bpC7_P83vY

Image Source: Flickr

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Thomas has led a number of teams, giving training and guidance in marketing and PR. He has worked at high profile firms, with offices across the country. He has experience in copywriting and editing, for a variety of different sectors.

38 Comments

  1. He failed not a Bitcoin!

    Reply
  2. If his rationale for it “failing” is because it hasn’t gone up forever, then his precious fiat currencies have all failed long ago.

    Reply
  3. That’s a boiling frog holding on to an empty bag. Lol😂 BITCOIN 🚀

    Reply
  4. Mr Carney is a very clever man.
    He relinquishes his role in June 2019.
    The Crypto/Bitcoin market is so volatile so BIG an explosion the world has never seen anything like this before.

    He IS THE MOST INFLUENTIAL financial markets person in this continent by a country mile., commodity, FTSE, stocks, FOREX, inflation, interest rates. biggest influencer for the city of london & canary wharf.

    Theresa May and the Queen really haven’t got the weight of words he has when it comes to movement of money when he speaks in front of a camera.

    He’s just like BoJ Governor Haruhiko Kuroda.

    If he talks about it people will listen.

    So he sees it as the ideal opportune time to make his legacy more memorable. His time in office will now be of phenomenally more interest. He will be asked about this more and more.

    His profile will be elevated beyond comprehension compared to – if he hadn’t mentioned it.

    He hasn’t said Bitcoin has failed.
    Not at all.

    His actual words were:

    SO FAR.

    What does so far mean?

    1. to a certain limited extent.

    2. (of a trend that SEEMS LIKELY ((not one way or another(because it is a vague presumptive description) to continue)) up to this time

    Negative Presumptions are not in his vocabulary
    Nor are sensational soundbites.

    Like the headlines this conference will produce.

    Next Step: Read between the lines.

    Ghazala Jabeen is a happy vibrant soundbite Queen

    Reply
  5. He failed not a Bitcoin!

    Reply
  6. If his rationale for it “failing” is because it hasn’t gone up forever, then his precious fiat currencies have all failed long ago.

    Reply
  7. That’s a boiling frog holding on to an empty bag. Lol? BITCOIN ?

    Reply
  8. Mr Carney is a very clever man.
    He relinquishes his role in June 2019.
    The Crypto/Bitcoin market is so volatile so BIG an explosion the world has never seen anything like this before.

    He IS THE MOST INFLUENTIAL financial markets person in this continent by a country mile., commodity, FTSE, stocks, FOREX, inflation, interest rates. biggest influencer for the city of london & canary wharf.

    Theresa May and the Queen really haven’t got the weight of words he has when it comes to movement of money when he speaks in front of a camera.

    He’s just like BoJ Governor Haruhiko Kuroda.

    If he talks about it people will listen.

    So he sees it as the ideal opportune time to make his legacy more memorable. His time in office will now be of phenomenally more interest. He will be asked about this more and more.

    His profile will be elevated beyond comprehension compared to – if he hadn’t mentioned it.

    He hasn’t said Bitcoin has failed.
    Not at all.

    His actual words were:

    SO FAR.

    What does so far mean?

    1. to a certain limited extent.

    2. (of a trend that SEEMS LIKELY ((not one way or another(because it is a vague presumptive description) to continue)) up to this time

    Negative Presumptions are not in his vocabulary
    Nor are sensational soundbites.

    Like the headlines this conference will produce.

    Next Step: Read between the lines.

    Ghazala Jabeen is a happy vibrant soundbite Queen

    Reply

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