ECB’s Hansson: Sooner or later the cryptocurrency bubble will burst

The ECB Governing Council member Ardo Hansson was on the wires last minutes, speaking in an interview with Estonia's Eesti Paevaleht newspaper.

Key Headlines:

Rationality has disappeared in cryptocurrency sector

Cryptocurrency bubble is like a religious sect.

A lot of emotion involved, which helps in creating a bubble.

Sooner or later the bubble will burst.

We will see where the new equilibrium will be.

Estonian central bank isn't planning to regulate virtual currencies as volume aren't threatening financial stability yet.