Japan legalized bitcoin, and the price for crypto currency began to grow rapidly. However, German financial regulators still warn people of caution in using the new currency. In an article dated May 5, Carl-Ludwig Thiele, member of the Board of the German Central Bank (Bundesbank), evaluated the use of bitcoin as risky and ill-advised.
Till said: "From our point of view, bitcoin is not the best asset for investments. Confirmation of this is a very unstable course of the crypto currency. "
A similar comment from German bankers surprised few people, since the majority of German citizens prefer cash to non-cash payment. The article by Handelsblatt Global contains data from a recent study on this topic:
"The Germans and their neighbors, citizens of Austria, are more inclined to use cash than residents of other European countries. According to a study published on Wednesday, residents of these countries can hardly imagine a day when they will do without cash. "
The question of "unstable course" bitcoin
Member of the Board of the Bundesbank is concerned about the volatility of bitcoins
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