MYOBTC on Nostr: Bank of England Governor, Andrew Bailey, says #Bitcoin has no intrinsic value. ...
Bank of England Governor, Andrew Bailey, says #Bitcoin has no intrinsic value.
"Bitcoin is highly volatile and has no intrinsic value. It is best treated as extremely speculative investment."
Yet #Bitcoin is a commodity.
Do you know what has no intrinsic value by definition? FIAT money.
Published at
2023-07-11 18:43:10 GMTEvent JSON
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"content": "Bank of England Governor, Andrew Bailey, says #Bitcoin has no intrinsic value.\n\n\"Bitcoin is highly volatile and has no intrinsic value. It is best treated as extremely speculative investment.\" \n\nYet #Bitcoin is a commodity. \n\nDo you know what has no intrinsic value by definition? FIAT money.",
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