Bitcoin (BTC) comment from the Governor of the Bank of Japan

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The President of the Bank of Japan made negative statements about cryptocurrencies and Bitcoin (BTC). Details of the explanations are in our news. 

After the sharp decline in cryptocurrencies, especially the leading cryptocurrency Bitcoin (BTC) , warnings and statements continue to come from institutions and organizations. Lastly, Haruhiko Kuroda, Governor of the Bank of Japan , joined the team of those who call Bitcoin dangerous .

Speaking in an interview he attended on Thursday, Kuroda made statements about Bitcoin and cryptocurrencies. “Most of the trades are speculative and the volatility is extraordinarily high,” he said, expressing his reservations. 

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“The use of Bitcoin as a means of payment is quite limited,” said the Governor of the Bank of Japan, who is negative about the use of Bitcoin and other cryptocurrencies as a means of payment .

We are actually quite familiar with such explanations because such institutions (especially banks) do not approach cryptocurrencies as much as they see them as competitors. Because cryptocurrencies are a technology born in response to controls and restrictions. 

We have heard similar statements before from names such as the Governor of the Bank of England Andrew Bailey and the Chairman of the Fed, Jerome Powell. On the other hand, those who think that Bitcoin and other cryptocurrencies have money in their future are not few.

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