ECB’s Hansson: Sooner or later the cryptocurrency bubble will burst
The ECB Governing Council member Ardo Hansson was on the wires last minutes, speaking in an interview with Estonia's Eesti Paevaleht newspaper.
Key Headlines:
Rationality has disappeared in cryptocurrency sector
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.
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
