Lord Turner’s crypto scepticism is painfully out of touch Opinion In an interview with City AM, Lord Adair Turner compared buying crypto to buying tulips in 1635. Bepi Pezzulli writes a rebuttal.
Adair Turner: Crypto? It’s like buying tulips in 1635 Banking As chair of the FSA at the height of the 2008 financial crisis, Adair Turner knows all about the anatomy of a global crash. Over 15 years on, exuberance in AI and opaque private credit markets have set warning systems flashing. Ali Lyon, spoke to the arch-technocrat to see whether the fears are justified, and [...]