EU regulators warn Bitcoin investors of ‘pricing bubble’
The European Union’s top banking, securities and pensions watchdogs have all warned cryptocurrency investors could lose all their money as Bitcoin enters a “pricing bubble”.
Bitcoin soared in value in recent months before losing more than half its value, leaving investors who bought in at the highest prices out of pocket. Prices increased to as high as $20,000 in December, before falling to under $7,000 last week.
The trio of regulators – the European Banking Authority, European Securities and Markets Authority, and the European Insurance and Occupational Pensions Authority – warned there were no safeguards for consumers buying into the £290 billion cryptocurrency market.
Read More: Telegraph
