Bank of England Designate Governor: Bitcoin has no intrinsic value

Bank of England-designate Governor Bailey said that Bitcoin has no intrinsic value. Facebook (FB.O) handled the Libra stablecoin program very badly. There is no good answer to the question of whether Libra has the assets to directly support it. There may be a better solution to the problems exposed by the Libra program. Facebook's use of Libra data will raise a number of regulatory issues.