Bank of Korea chief says crypto has no intrinsic value, expects volatility By Cointelegraph

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Bank of Korea chief says crypto has no intrinsic value, expects volatility

Amid a major downward correction in the cryptocurrency market, the head of South Korea’s central bank is skeptical about digital currencies like (BTC).

Bank of Korea Governor Lee Ju-yeol said that crypto assets like Bitcoin have no intrinsic value, local news agency Yonhap reports Tuesday. The official said that he expects more price swings on the market, stating, “It is very difficult to predict the price, but its price will be extremely volatile.”