A member of the Governing Council of the European Central Bank (ECB) has warned that the [cryptocurrency] bubble has already started to collapse, Bloomberg reported Jan. 7.
Speaking at a conference in Riga, Latvia, Ardo Hansson also the governor of Estonias central bank stated that digital currencies will end up as a complete load of nonsense. The official warned that the bubble has already started to collapse and maybe we should just see how far this collapse goes, and what is left when weve reached a new kind of equilibrium. Hansson added:
I think we will come back a few years from now and say how could we ever have gotten into this situation where we believed this kind of a fairy-tale story.
Read more:https://cointelegraph.com/news/european-central-bank-policy-maker-calls-crypto-a-fairy-tale-story