Bank of England Governor Says Bitcoin Is Not Practical Today

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  • Andrew Bailey, Governor for the central Bank of England, appeared on the Jobs of the Future podcast to discuss bitcoin and the future of currency.
  • Bailey explained he believes bitcoin has no intrinsic value and will not become a widely used form of digital currency.
  • The governor also claims the underlying technology of bitcoin has value and “may well lead to things.”

Andrew Bailey, Governor of the Bank of England, recently appeared on the Jobs of the Future podcast to discuss the future of bitcoin and cryptocurrency where he explained he does not believe bitcoin is a practical means of payment.

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