Investors Taking a Risk Buying Bitcoin, Says ECB Vice President

The vice president of the European Central Bank (ECB) yesterday warned about the risks of investing in bitcoin at current valuations.

Speaking to CNBC, Vitor Constancio said developments in bitcoin’s price make it “a speculative asset by definition,” continuing:

“Investors are taking that risk of buying at such high prices.”

Bitcoin, the largest cryptocurrency by market capitalization, has seen astonishing rises in value in recent weeks that have seen it hit headlines worldwide…

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