Bitcoin Could Collapse Sooner or Later, Warns Swedish Central Bank Governor

Swedish Central Bank governor, Stefan Ingves, believes that bitcoin is similar to trading stamps, and it will soon collapse without the government's backing. He made the remarks during his speech at a banking conference held in Stockholm earlier today. Although he admitted that one can get rich by trading the flagship crypto, he said 'it's comparable to trading in stamps.' Ingves on Bitcoin's Alleged 'Imminent' Fall As per Bloomberg, the Riksbank governor challenged the possibility of currencies retaining their power…