No, Bank of England, Crypto is Not the Same as Subprime Mortgage Debt
The Breakdown
00:00
Is Crypto a Financial Stability Risk?
The deputy governor of the bank of england, focused on financial stability. He basically has four parts of his concern. One is that digital assets have no intrinsic value. Two, that makes them vulnerable to major price corrections and highly volatile. Three, with the increasing connection between crypto and the traditional financial system,. Four, for the emergence of leverage, that creates new types of risk.
Play episode from 02:09
Transcript
