The governor of the Bank of England Boe, Andrew Bailey is reduced from the value of the encrypted currencies.
According to Arab Net, the currency news has been significantly encrypted this year, such as Petquin and Eatrium.
This wave reported some investors at the 2017 encryption bubble, which jumped at the Petquin currency to about $ 20,000 before falling to $ 3122 after year.
In response to a question at a news conference on high value of the coins, Billy said: It has no fundamental value, adding: Buy it if you are ready to lose all your money.
Billy comments have confirmed the similarity of the financial behavior in the UK FCA.
The Financial Services Monitoring Commission in January: Investment in encrypted assets in general with high risk of investor funds, and if consumers invest in these types of products, they must be ready to lose all their money, according to the Arabic portal of Technical News.
Billy, who was former Chief Executive Officer of FCA, was skeptical in the encrypted currencies.
The Petquin currency rose more than 90 percent so far this year, partly due to growing interest from institutional investors and buyers from companies such as Tesla.
The electrician car company has bought $ 1.5 billion earlier this year, and its holdings have since risen for nearly $ 2.5 billion.
The supporters of the Petquin are a valuable store because of the scarcity of supply, where only 21 million subsidies can be met.
Hedge
She says as a means of hedging against inflation, where central banks around the world are printing funds to mitigate the economic effects of Corona Virus.
However, the skeptics sees that Petquin is a bubble waiting for the explosion.
At the same time, alternative coins gained greater gains than the Petquin currency. Eatrium has seen returns more than 360 percent since the beginning of the year, while the Dogecoin coin has risen by 12,500 percent.
Analysts attributed Dogecoin to Tweets of Celebrities, such as: Elon Mask and Mark Coban, as well as individual investors.
