While Bitcoin, the world's largest cryptocurrency, reached new ATHs with its recent strong rally, new BTC statements came from the head of the Swedish central bank, Erik Thedeen.
According to Bloomberg, Erik Thedeen stated that he was trying to keep BTC trading away from the country's financial system.
Theeden also warned investors about the potential losses Bitcoin could experience once it reaches its ATH.
“I want there to be as little Bitcoin as possible in the Swedish financial system.
Bitcoin is an instrument that is impossible to value and is practically based entirely on speculation.
In the US, we have seen stock markets crash and individuals lose money. At this point there is currently an increase in Bitcoin, but we have recently seen the value of BTC crash, as have the stock markets.
That's why it's important to warn people who believe there are no limits and that money can be made for free.”
Finally, Swedish central bank governor Thedeen added that although Bitcoin does not pose a threat to financial stability for now, it remains a risk for consumers.
*This is not investment advice.
