Bank of England governor Mark Carney responded to a question about bitcoin at Regent’s University in London in February, saying: “It has pretty much failed thus far on … the traditional aspects of money. It is not a store of value because it is all over the map. Nobody uses it as a medium of exchange.”
It was hardly his most controversial observation.
Sure, cryptocurrencies showed signs of stabilizing in mid-February, with bitcoin hovering once more around $10,000, roughly where it stood three months ago at the start of December.
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