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Bank of England’s Bailey on crypto: ‘Be prepared to lose all your money’

Bank of England’s Bailey on crypto: ‘Be prepared to lose all your money’

Bank of England governor Andrew Bailey has a blunt message for cryptocurrency investors: be prepared to lose all your money. “I’m afraid they don’t have intrinsic value,” Bailey told journalists on Thursday. “Now that doesn’t mean to say that people don’t put value on them because they can have extrinsic value.








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