Bitcoin And Other Cryptos Won’t Last, Says Bank Of England Governor

The rise of Bitcoin and cryptocurrencies in the past decade has revolutionized the finance sector. However, key regulators continue to doubt the long-lasting effects of cryptocurrencies in mainstream finance. This opinion is reiterated by the Bank of England Governor Andrew Bailey. Cryptocurrency Models Cannot Stand the Test of Time Bailey made these statements at the Davos Agenda, a summit for top financial stakeholders sponsored by the World Economic Forum. The bank chief stated that he does not believe that cryptocurrencies'…