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[2014-09-12] Here’s What the Bank of England Thinks of Bitcoin
by
ganabb
on 12/09/2014, 05:31:15 UTC
http://blogs.wsj.com/moneybeat/2014/09/11/heres-what-the-bank-of-england-thinks-of-bitcoin/

The bank estimates some 20,000 people (of a nation of 60 million at the moment) in the U.K. hold bitcoins. And daily transactions number about 300 or so.

As a proportion of the U.K. economy that’s obviously tiny: In all the £60 million of bitcoins circulating in the U.K. represent a tiny 0.003% of British broad money balances. All of which means that bitcoin currently represents no financial stability risk to Britain.