Bank of England's Andy Haldane: Bitcoin doesn’t have the scale

The Bank of England's Andy Haldane has been crossing the wires with his opinions on the Cryptocurrency craze and how consumers should be aware of the "danger" of investing in cryptocurrencies.

Further comments:

• Cryptos don't pose a major threat to financial stability.
• They are not yet of a scale -- less than 1% of global wealth -- that would lead us to conclude they pose a system-wide threat. They won't bring down the banks".

• Bitcoin doesn’t have the scale, won’t bring down the bank.