#QuickTakes By

Ireland Governor Says Bitcoin Is A Ponzi Scheme

Scribbled Arrow

TRENDING GLOBALLY

-: FOLLOW US :-  @theinsaneapp

The head of the Irish central bank, Governor Gabriel Makhlouf, commented this week comparing digital currencies like BTC with gambling describing them as nothing more than Ponzi schemes.

-: FOLLOW US :-  @theinsaneapp

Makhlouf has been the most recent in a long line of bankers from central banks who've voiced concerns about the risk of digital currency.

-: FOLLOW US :-  @theinsaneapp

He advised those who make bets on them to be wiped out and echoed the advice from the Governor of the Bank of England, Andrew Bailey, in 2021.

-: FOLLOW US :-  @theinsaneapp

“If you put your money into unbacked crypto, you need to be prepared to lose all of it,” Makhlouf said.

-: FOLLOW US :-  @theinsaneapp

The head of the central bank targeted specifically youngsters in Ireland in a call for actions to be taken to ban them, if it is possible.

-: FOLLOW US :-  @theinsaneapp

In the aftermath of the FTX collapse, which brought a devastating 2022 to a short final.

To Read Full Story Swipe Up Or Click On The Below Given Button

THANKS FOR READING OUR  #QUICKTAKE