Cryptocurrencies
Crypto Crash Survivors Could Become Tomorrow’s Amazons, BOE Says
- UK central banker compares crypto crash to dotcom bubble
- Consultation on digital currency due by end of the year
This article is for subscribers only.
The survivors of the rout in cryptoassets could become the technology companies of the future rivaling Amazon.com Inc. and eBay Inc., Bank of England Deputy Governor Jon Cunliffe said.
Cunliffe compared the crash that has wiped more than $1 trillion off the value of Bitcoin and other crypto currencies this year to the dotcom collapse at the start of the millennium.