The substantial growth of the cryptocurrency sector in the past year has caught the eye of central bankers. The latest to opine on the matter and, somewhat expectedly, to dismiss the industry’s chances of actually disrupting the centuries-old financial space was the governor of Denmark’s central bank.
Crypto Is Speculative Fad
During a recent interview with Bloomberg, Lars Rohde, the governor of Danmarks Nationalbank, took a few stabs at the cryptocurrency sector. Despite their recent growth and the total market capitalization’s 10x increase in a year, the central banker still remains skeptical by calling the industry “speculative fad.”
As with most of his colleagues, Rohde outlined the infamous volatility and lack of a central authority as the primary reason for his dismissal. Consequently, he noted that he is “tempted to ignore” BTC and the rest of the market.
“It’s a very speculative asset at best. There is no stability and no guarantee from any side about the valu

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Źródło: https://cryptopotato.com/bitcoin-is-speculative-fad-says-the-government-of-denmarks-central-bank/