Bitcoin down as Sweden’s central bank compares it to ‘trading in stamps’

Sweden’s Riksbank Governor Stefan Ingves said ‘private money usually collapses sooner or later’. Photo: Getty Images

Cryptocurrencies were broadly down on Friday as Sweden’s central bank governor said bitcoin could eventually collapse.

Bitcoin (BTC-USD) was down roughly 1%, to trade at $45,918 (£33,090) while Ethereum (ETH-USD) tumbled 4.5% to trade at $3,373.

Bitcoin, hit by regulatory crackdowns and concerns over the environmental impact of mining it, had fallen below $50,000, after…


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