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Thursday, July 3, 2025

BoE boss Bailey: Crypto investors should be ready to lose all their money - Markets Insider

The Bank of England governor, Andrew Bailey. DAN KITWOOD/Getty Images
The Celsius fallout has prompted Bank of England boss Andrew Bailey to warn again about crypto investing.
The BoE governor told lawmakers Monday that crypto investors should be prepared to lose all their money.
Crypto markets were rattled by crypto lender Celsius saying it had frozen account withdrawals and transfers.
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As crypto markets tumbled, the governor of the Bank of England doubled down on warning people they should brace for big losses if they decide to invest in digital assets.
"If you want to invest in these assets, OK. But be prepared to lose all your money," Andrew Bailey told lawmakers Monday.
"People may still...



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