Many central bankers have been criticizing bitcoin a lot lately.
This week, the head of the Bank of Denmark generally stated that BTC is an insignificant instrument that does not have any impact on the financial sector. Therefore, credit institutions shouldn't work with cryptocurrency at all.
The head of the Bank of Japan, Haruhiko Kuroda, also criticized BTC. During a conversation with Bloomberg reporters, he noted that bitcoin is a common speculative instrument that is practically not used when paying for goods and services.
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In this regard, digital assets, stablecoins, are much more reliable than BTC. The Central Bank of Japan considers tokens backed by fiat money as promising assets in which one can invest on an equal basis with other traditional instruments, Kuroda said. In the future, stablecoins will become the same means of payment as fiat money.
The head of the Japanese Central Bank also touched upon the policy of regulators in the context of COVID restrictions. According to him, central banks chose the right tactics when they began to print money and support the population and business.
Note that many experts, on the contrary, consider the Central Bank's policy harmful to the financial sector. In their opinion, the inclusion of the printing press accelerates inflation and contributes to the growth of investor interest in alternative instruments, including bitcoin.