Business

Trading Bitcoin’s like trading stamps, says Swedish central bank governor By Cointelegraph



Bitcoin trading is like trading stamps, says Swedish central bank governor

The governor of the central bank of Sweden, Sveriges Riksbank, rejected (BTC) as a completely far-fetched alternative to government-backed fiat currencies.

Speaking at a banking conference in Stockholm, Sveriges Riksbank Governor Stefan Ingves argued: “Private money usually falls apart sooner or later.” In another comment, he stated, “Sure, you can get rich by trading in bitcoin, but it’s comparable to trading in stamps.”