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

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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