IMF chief tells central bankers to not ignore Bitcoin

(AP) — Christine Lagarde, the head of the International Monetary Fund, has a message for the world’s central bankers: Don’t be Luddites.

Addressing a Bank of England conference, Lagarde conceded that digital currencies, such as Bitcoin, don’t currently pose a major threat to the status quo, as they are “too volatile, too risky, too energy-intensive.” Some have also been hacked, she noted.

But in time, she argued Friday, technological innovations could address some of these issues and as such it “may not be wise to dismiss virtual currencies.”

In the future, she said, virtual currencies “might just give existing currencies and monetary policy a run for their money.”

1 Comment

  1. Anonymous
    October 6, 2017 at 1:30 am Reply

    I agree with the author I too have struggled a great deal it’s not been easy. For instance one thing I just recently gotten into trading oil through code trading system and I’m doing well but it’s not as easy as I thought, lol. But we have to work at it and not give up if it’s our dream right? That’s what I think, just go for your dream!

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