Bitcoin Not Threat to Global Economy, Says Bank of England

Bitcoin Not Threat to Global Economy, Says Bank of England
Bank of England Deputy Governor, Sir Jon Cunliffe, has claimed that the leading cryptocurrency Bitcoin poses no real threat to the global economy and financial institutions despite its current phenomenal performance in the market. The most famous digital currency has recently surpassed the $11,000 level as of late November 2017.

In an interview with BBC Radio 5 Live, Cunliffe reasoned out that Bitcoin was too small to present any threat to the worldwide economy. He added that investors should do a comprehensive analysis of the reasons behin ...
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