ECB's Hansson: Rationality has disappeared in cryptocurrency sector

Author: Justin Low | Category: News

ECB member Ardo Hansson speaking in an interview with Estonia's Eesti Paevaleht newspaper

  • Cryptocurrency bubble is like a religious sect
  • A lot of emotion involved, which helps in creating a bubble
  • Sooner or later the bubble will burst
  • We will see where the new equilibrium will be
  • Estonian central bank isn't planning to regulate virtual currencies as volume aren't threatening financial stability yet
Some comments on cryptocurrencies by ECB member and Estonia central bank governor Ardo Hansson.

Feels like he too has a lot of emotions involved in the matter, no? ;)