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Crypto is for speculators, criminals, and people who like playing pretend central banker.
It is mostly a dangerous nuisance. It is not the future of money.
This is an opinion column. The thoughts expressed are those of the author.
Cryptocurrencies are for speculators, criminals, and cosplayers. Aside from that, they re useless, and I m tired of everyone trying to pretend otherwise.
I have waited for years for someone to explain to me a decent use case for cryptocurrencies. But throughout the recent fervor over crypto with its huge price boom and subsequent bust, I ve yet to hear one.
Here is what you need to know on Tuesday, May 25: The market mood is upbeat on Tuesday, with stocks rising and the dollar on the back foot in response to
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A short-term rise in prices in Britain caused by global supply chain pressures does not foreshadow longer-term inflation problems once the economy emerges from the coronavirus pandemic, Bank of England Governor Andrew Bailey said on Monday.
Britain s inflation rate jumped to 1.5% in April from 0.7% in March, due to a mix of higher oil prices, rises in regulated household energy bills and comparisons against weak prices a year ago during the depths of the pandemic. These transitory developments should have few direct implications for inflation over the medium term, Bailey said in an annual report to parliament s Treasury Committee.
MONEYWEB
app instead?
‘Getting carried away’ with financial innovation.
By Lizzy Burden, Bloomberg
25 May 2021 07:29
Andrew Bailey, Bank of England. Image: Simon Dawson/Bloomberg
Bank of England Governor Andrew Bailey set out further concerns about digital currencies, saying thereâs a danger of âgetting carried awayâ with financial innovation.
âI donât want to be seen as a Luddite,â Bailey said in response to questions in the Treasury Committee in Parliament on Monday. âIâm skeptical about crypto assets frankly because they are dangerous and thereâs a huge enthusiasm.â
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