Bank of Canada said cryptocurrency is too risky despite instit | DeFI News & Alerts

Bank of Canada said cryptocurrency is too risky despite institutional involvement.

"Price volatility fueled by speculative demand remains an important obstacle to widespread acceptance of cryptoassets as a means of payment. Despite the growing institutional interest in cryptoassets, they are still considered high-risk as their intrinsic value is difficult to quantify."

This is how it is: first, they predict growth, apply for a Bitcoin ETF, and when everything falls - "everything is scam, pyramid, tulip mania" ...