Investing in cryptocurrencies will always receive some skepticism from officials who started in traditional markets. Today in London, Andrew Bailey expressed this sentiment, arguing anyone putting money into should be prepared to lose the shirt off their back.
Bailey gave his thoughts on the cryptocurrency to members of the U.K. Parliament at a Treasury Select Committee hearing on Mar. 4. In a video available to Cointelegraph, Bailey reiterated his past warnings on Bitcoin and cryptocurrencies as a whole before stating: