New BIS Chief Carstens Plans to Train His Sights on Bitcoin
- Bitcoin has surged in value, inviting concerns it’s a bubble
- Carstens starts at Bank for International Settlements Friday
Bitcoin: What’s Coming in the Year Ahead
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Agustin Carstens, who assumes leadership Friday of the Bank for International Settlements, will make digital currencies and financial technology two of his top priorities.
The 59-year-old, who previously served as governor for Mexico’s central bank and also as the nation’s finance minister, termed bitcoin’s surge a development that “should at least raise some eyebrows,” given that it doesn’t have the backing of a state and isn’t legal tender. Bitcoin soared above $11,000 this week, before dropping back below $10,000.