European Central Bank (ECB) Member: ‘Not Sure Why People Invest’ in Crypto Assets


Central bank members are back with their warnings regarding Bitcoin and cryptocurrencies.

Much like any other time, the warnings remain the same — be prepared to “lose all their money” for crypto investors.

This time the warning came from European Central Bank governing council member Gabriel Makhlouf.

The latest warning from a central banker on the cryptocurrency on Friday when Makhlouf, who is also governor of Ireland’s central bank, said, “Personally, I’m not sure why people invest in those sorts of assets, but they see them as assets clearly.”

“Our role is to make sure that consumers are protected,” he added.

Makhlouf doesn't see any “financial stability issues at the moment arising from Bitcoin itself” but said the concern is more about the consumer “making the right choices.”

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