In an interview with Bloomberg on Thursday, Bank of Japan Governor Haruhiko Kuroda said that the vast majority of Bitcoin trading is “speculative and volatility is extraordinarily high.”
Recent price movements add weight to Kuroda’s claim. Bitcoin has fallen by 8% in the past day to $36,187 and by 11.31% in the past week, according to data from Nomics.
Much of the crash from all-time highs of about $64,000 in April was triggered by a single tweet from Tesla and SpaceX CEO Elon Musk, who said on May 12 that his electric car company would no longer accept Bitcoin as payments, citing environmental concerns.
Tesla & Bitcoin pic.twitter.com/YSswJmVZhP
— Elon Musk (@elonmusk) May 12, 2021
The rest of the damage came from China, when three national payments associations warned against speculative Bitcoin trading early last week. A few days later, the country’s financial committee, overseen by the State Council, added Bitcoin mining to a laundry list of financial risks
Źródło: https://decrypt.co/72173/japans-top-central-banker-bitcoin-is-barely-used-for-settlements
