Sarah Breeden, Incoming Bank of England Deputy Governor, Reiterates Crypto Risks, Supports CBDC at Treasury Committee

“Crypto is an asset that has no intrinsic value, whose price could go to zero and therefore investors should be prepared to lose all of their money,” Breeden said. “That megaphone about the risks in it has been consistent and very clear. However, that technology, I think has got the potential to bring benefits to the financial system.”