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Head of the Central Bank of Belgium: "Bitcoin does not pose a threat"

The head of the National Bank of Belgium, Jean Smets (Jan Smets), said that bitcoin poses no threat to the state, since it is unstable. In addition, Smets believes that soon the time will come crypto currency issued by banks.

The head of the Central Bank also insists that the majority of people investing in bitcoin do this only for the sake of speculation on the growing in virtual currency price. At the same time, he noted that the risk of investing in bitcoin is now quite low, but the situation can change quite quickly.

Bitcoin and crypto-currencies attract a large number of people, because they represent a decentralized P2P-system. The whole point of crypto currency is that you do not have to rely on the will of banks or the government to receive or transfer money.

Comment Smetsa regarding investment in bitcoin is not as contradictory as it seems at first glance. A huge number of people around the world use bitcoin to pay for goods or services, or as a means of preserving capital. However, most people buy bitcoin only in the hope that they will be able to make money on its impetuous rally, selling coins later.

Of course, Smets would be pleased with the appearance of a digital currency, issued and maintained by the bank or the government. He sees the benefits of blocking for the payment system in terms of innovation and efficiency, and hopes that one day there will be a digital euro. And this is possible not only in Europe: the CBA of Canada is discussing the issue of creating a national crypto currency, while Venezuelan President Nicholas Maduro announced the creation of his own crypto currency El Petro in the republic.

Source: bits.media