BITCOIN DEATHS

May 17, 2023
Bitcoin Price: $27398.8

CRYPTO HAS ‘NO INTRINSIC VALUE’ AND ‘NO USEFUL SOCIAL PURPOSE,’ SAY LAWMAKERS

However, with no intrinsic value, huge price volatility and no discernible social good, consumer trading of cryptocurrencies like Bitcoin more closely resembles gambling than a financial service, and should be regulated as such. By betting on these unbacked ‘tokens’, consumers should be aware that all their money could be lost.

Member of Parliament, West Worcestershire


Source: TNW