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Bitcoin could become ‘worthless’, Bank of England warns
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theguardian.comThe Bank of England has said that bitcoin could be “worthless” and people investing in the digital currency should be prepared to lose everything.
In a warning over the potential risks for investors, the central bank questioned whether there was any inherent worth in the most prominent digital currency, which has soared in value this year to close to $50,000 (£37,786) a piece.
The cryptocurrency peaked above $67,000 in early November, but suffered a sell-off after news first broke of the Omicron
Read more on theguardian.comAbout this in other media
Insiders Predict: NFTs the 'Gateway Drug to Crypto', More Countries May Adopt Bitcoin in 2022 cryptonews.com /2 years ago
Bitcoin hash rate nears record 200EH/s as 100K BTC turns 'illiquid' every month cointelegraph.com /2 years ago
Hive Blockchain on track to mine more Bitcoin, less Ether this quarter cointelegraph.com /3 years ago
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