Stacks of computers used for mining bitcoin at the Bitfarms cryptocurrency farming facility in Farnham, Quebec, Canada, on Wednesday, January 24, 2018. Photo: Bloomberg

Bitcoin is not real, and any purchase amounts to speculation, says ECB’s ex-chief as he pours cold water on cryptocurrency

  • “The [crypto]currency itself is not real, with the characteristics that a currency must have,” said the European Central Bank’s former president Jean-Claude Trichet, at Caixin’s conference in Beijing
  • An alternative monetary tool to existing currencies is the Special Drawing Rights (SDRs) by the International Monetary Fund, Trichet said
Topic |   Bitcoin
Stacks of computers used for mining bitcoin at the Bitfarms cryptocurrency farming facility in Farnham, Quebec, Canada, on Wednesday, January 24, 2018. Photo: Bloomberg
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