Cryptocurrencies are highly risky assets according to ECB’s President Draghi. Draghi was questioned on Bitcoin by a student after speaking in Frankfurt. ECB’s Draghi was recently taking questions in Frankfurt from students, one asked European Central Bank (ECB) President about his stance on Bitcoin. Draghi replied to the student saying that cryptocurrencies are not currencies, but “highly risky” assets. The ECB President said: Bitcoins or anything like that are not really currencies, they are assets. A euro is a euro – today, tomorrow, in a month, it’s always a euro. And the ECB is behind the euro. Who is behind the cryptocurrencies? So they are very, very risky assets, the value of which oscillates – as you’ve seen – wildly. He spoke further: At this point in time, they are not significant enough in their entity that they could affect our economies in a macro way. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Facebook further easing cryptocurrency advertisement guidelines FX Street 3 years Cryptocurrencies are highly risky assets according to ECB's President Draghi. Draghi was questioned on Bitcoin by a student after speaking in Frankfurt. ECB's Draghi was recently taking questions in Frankfurt from students, one asked European Central Bank (ECB) President about his stance on Bitcoin. Draghi replied to the student saying that cryptocurrencies are not currencies, but "highly risky" assets. The ECB President said: Bitcoins or anything like that are not really currencies, they are assets. A euro is a euro - today, tomorrow, in a month, it's always a euro. And the ECB is behind the euro. Who is… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
