Are you a Bitcoin Investor? This is a Warning from the European Central Bank

DUBLIN, KOMPAS.com – Member of the Board of Governors Central Bank Europe (European Central Bank / ECB) Gabriel Makhlouf warns eye investors money crypto- bitcoin.

He said, bitcoin investors must be prepared if they have to lose all the money invested in these instruments.

“Personally, I don’t understand why people invest in types asset However, they do see it as a clear asset, “said Makhlouf who is also the Bank Governor Central Ireland, as reported by Bloomberg, Saturday (30/1/2021).

Also read: Get to know Dogecoin, a ‘crypto asset whose price is skyrocketing

He also said that the central bank’s authority has a role to play to ensure consumers are protected.

Makhlouf’s statement is the monetary authority’s skepticism regarding crypto instruments.

Earlier, ECB Governor Christine Lagarde earlier this month had stated that cryptocurrencies are highly speculative assets.

Bitcoin price itself is quite volatile amid the pandemic. From November to the beginning of this year, the price of bitcoin has more than doubled to around US $ 40,000 or around Rp.560 million earlier this month.

The movement of large amounts of value is common in critique assets. With bitcoin moving in the range of 5 percent in the last nine days.

On Friday (29/1/2021) yesterday, the price of bitcoin rallied to a level of 35,000 US dollars per chip. These crypto currency brokers assessed the surge in bitcoin prices because Tesla CEO Elon Musk mentioned crypto currency or cryptocurrency in his Twitter bio page.

However, Mahlouf still assessed that financial stability could not be seen from the momentum of rising bitcoin prices.

“I am more worried about consumers and hope they make the right choice,” he said.

Also read: In three days the price of Bitcoin has dropped 20 percent, risk of bubbles?

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