Bitcoin: what have experts said about the cryptocurrency? | Technology | The Guardian

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Bitcoin’s gyrations have attracted a lot of attention over the past year. Here are some of the most memorable comments from senior figures in world finance. Yves Mersch, a member of the European Central Bank’s executive board, called for a global clampdown on virtual currencies because of their threat to financial stability on 8 February. Bitcoin transactions can easily take several hours to process, he noted in a speech in London. The new head of the Bank for International Settlements has described bitcoin as “a bubble, a Ponzi scheme and an environmental disaster”. “If authorities do not act pre-emptively, cryptocurrencies could become more interconnected with the main financial system and become a threat to financial stability,” he said in a speech on 6 February. Read All Comments: http://www.comentarismo.com/news/theguardianbitcoin-what-have-experts-said-about-the-cryptocurrency-technology-the-guardian


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