This is an item on BTC from the Australian press on efforts to send the Bitcoin price down
But first, what is jawboning?
- Foreign exchange traders have long been used to "jawboning" from central bankers - that is, using carefully selected words to suggest that they are unhappy with the level their currency is trading at, usually because they consider it over-valued.
Says the article:
But the world's top central bankers have a new target: bitcoin and its fellow digital currencies.
RBA governor Lowe:
- bitcoin and other cryptocurrencies as a "speculative mania"
Federal Reserve Chair Yellen
- described bitcoin as a "highly speculative asset"
- "it is not a stable source of value, and it doesn't constitute legal tender"
Bank of Canada governor Poloz
- ramped up the attack, saying that buying bitcoin was "closer to gambling than investing"
Bank of England governor Carney
- suggested global regulators were likely to take a closer look at digital currencies
- a tightening up of the rules around initial coin offerings was necessary
ForexLive reported all these comments as they happened, but the Australian Financial Review providing a collation of the jawboning, link is here, may be gated: Are central bankers about to burst the bitcoin bubble?