Central Bank Of England: Bitcoin Has Failed Completely

Mark Carney, Director of the British Central Bank : Bitcoin is not legal. Neither a change tool nor a saving tool has failed to be a Bitcoin project, he said.

In an interview with the Telegraph on February 19, Mark Carney Bitcoin, the Director of the Bank of England, said he would not be considered a legal currency because he could not disclose it with classical economic tools.

Carney continued his sentences as follows: :

"Bitcoin did not have the 2 major features needed to be recognized as the official currency as States and people. First of all, Bitcoin has not been able to be used as a trading and exchange instrument and does not have this feature as much as in cash. The second is the failure of Bitcoin to be a saving tool."

"Bitcoin and Crypto money can't even give us the basic possibilities that traditional money offers. It can never be used as a saving tool because its price is never in place. At the same time, we can't see anyone using bitcoin and Crypto money as a trading exchange tool."

Mark Carney, President of the Bank of England, said that the Bitcoin project failed for all these reasons, adding that Blockchain technology believes it can help the financial system and that bitcoin and Blockchain should be considered separately.

It is also true that even though the price of Bitcoin falls due to the negative announcement followed by the banks, such statements made by the banks are not taken very seriously by Bitcoin investors. It would be surprising that banks ,who have been afraid of the deterioration of their established systems for more than a hundred years and who have applied all kinds of legal - illegal ways to suppress Bitcoin, make explanations about the formation of Crypto coins.