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President of the Central Bank of Iceland calls bitcoin “financial pyramid”

Ásgeir Jónsson, the president of the Central Bank of Iceland, criticized the speculation sparked by bitcoin (BTC), according to the local publication The Reykjavik Grapevine. Last Monday (1), the bureaucrat gave an interview to radio Bylgjan, and compared the cryptocurrency to a financial pyramid.

“When you hear about people buying these ‘coins’ to make a profit, it’s worrying,” begins Jónsson. “I warn against all speculation, and we are talking about a very strange asset. It is one thing to invest in the shares of a company, or in bonds issued by an entity that has operations and sources of income, ”he told the radio.

“However, here we have people who are only betting on the appreciation of the currency, and that seems to me like a pyramid scheme”, concluded the public agent.

He has held the official position since August 2019, for a term of five years. Ásgeir Jónsson has influenced the country’s political guidelines since the 2000s, according to the Central Bank itself.

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