The governor of the Bank of Japan Haruhiko Kuroda has joined the call of the governor of the central bank aimed at targeting Bitcoin (Bitcoin) In the current turmoil.
According to a Bloomberg report on Friday, Kuroda Haruhiko debate Regarding the value proposition of the largest cryptocurrency calculated by market value, it is pointed out that:
“Most transactions are speculative, and volatility is very high. It is rarely used as a solution.”
The criticism from the Governor of the Bank of Japan comes as Bitcoin has experienced a decline of more than 50% since the historic price milestone of $64,000 set in mid-April.
In fact, some central bankers have used Bitcoin’s current price fluctuations as an opportunity to lash out at BTC and cryptocurrencies.
In early May, the Deputy Governor of the European Central Bank Luis de Guindos also expressed negative sentiment towards Bitcoin.As Cointelegraph reported at the time, ECB executives believed Weak cryptocurrency fundamentals And it does not meet the actual investment conditions.
Recently, Lars Rohde, President of the Central Bank of Denmark, dismissed the possibility of cryptocurrency Threat to central bank autonomy. According to Rohde, large technologies, not cryptocurrencies, are the true competitors of the gatekeepers in the traditional financial sector.
-PlanB (@100trillionUSD) May 28, 2021
Also in May, Andrew Bailey, Governor of the Bank of England, warned Cryptocurrency investors may lose all their money.But due to Tweet Long-term BTC “holding” (owning Bitcoin for at least 200 weeks (four years)) by PlanB (the creator of the Bitcoin stock-to-flow model) has never caused the owner to lose a position.
In fact, although Bitcoin has fallen by 50% since mid-April, BTC has so far risen by about 22% so far and has brought holders four times the gain in the past year.Billionaire hedge fund manager Ray Dalio (Ray Dalio) even hinted that Bitcoin will become Better savings tools Not government bonds.
In addition to criticizing Bitcoin, Kuroda also responded to the views of other central bank governors on the potential feasibility of stablecoins, as long as their issuers comply with strict regulatory agreements.