The New Chairman of the People’s Bank of China Has Been Announced: What Does He Think About Bitcoin?

Pan Gongsheng, known for his anti-BTC rhetoric, is the new head of the People’s Bank of China (PBOC).

New president of People’s Bank of China Pan Gongsheng it happened. Gongsheng especially in 2017 in statements to the global media With his anti-Bitcoin stance had drawn attention.

Pan joined the People’s Bank of China as vice president in 2012, and later took over as director of the China Foreign Exchange Administration (SAFE). pan, Improving Internet Financial Risks While leading the group named , for a long time, Bitcoin and anti-crypto activities in China It has been on the agenda many times.

In his statements in the past, Bitcoin was either speculative. will burst like a balloon or the exposure of blockchain technology to attacks He claimed he would suffer serious damage. Also, Pan that more governments may go to ban Bitcoin altogether stated.

In a statement made by Pan in 2017, about Bitcoin body analogy While drawing attention, the following statements stood out between the lines of the statement:

Sit by the river and watch, one day Bitcoin’s corpse will float in front of you. You must have serious concerns about Bitcoin. This is a highly tech-dependent tool. Doesn’t supply and demand fully explain what drives the Bitcoin market (bubble)? Currencies, as most people understand them, store value, for example the dollar, the euro or the British pound. But Bitcoin seems to operate beyond these parameters in a field that no one really understands.

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