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Bitcoin Investors May Lose Everything, Central Banker Warns

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WATCH: ECB’s Gabriel Makhlouf says Bitcoin investors need to be prepared to “lose all their money."Source: Bloomberg
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Bitcoin investors need to be prepared to “lose all their money,” European Central Bank governing council member Gabriel Makhlouf said, the latest warning from a central banker on the cryptocurrency.

“Personally, I’m not sure why people invest in those sorts of assets, but they see them as assets clearly,” Makhlouf, who is also governor of Ireland’s central bank, told Bloomberg TV on Friday. “Our role is to make sure that consumers are protected.”