Finance

Don’t bet on bitcoin, Bank of Canada says

Bank of Canada Governor Stephen Poloz, delivering his last speech of the year in Toronto, said buying bitcoin is more like gambling than investing. Currencies must act as a reliable store of value and should be able to be easily spent, Poloz argued.

By The Editors /

Bank of Canada Governor Stephen Poloz, delivering his last speech of the year in Toronto, said buying bitcoin is more like gambling than investing. Currencies must act as a reliable store of value and should be able to be easily spent, Poloz argued.