Bank Of England 'Britcoin' Will Fuel Rising Bitcoin Prices, Says deVere CEO

Nigel Green, CEO of independent financial advisor and asset manager deVere Group, reportedly said that the Bank of England’s rumored digital currency Britcoin, which aims to overtake Bitcoin, will backfire.

Green’s comments come after it was reported in April that the UK was considering implementing a central bank digital currency (CBDC) “aimed at tackling some of the challenges posed by…bitcoin.” A month later, the Bank of England deputy governor said that the launch of Britcoin was “probable.”


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