Bitcoin is too volatile to be used as legal money, according to Bank of England's Chief

Bank of England governor Andrew Bailey has expressed concerns over El Salvador’s adoption of Bitcoin as legal tender after President Nayib Bukele announced the launch of Bitcoin City.
Trading around $43,000 on the first day of El Salvador’s Bitcoin adoption as legal tender, Bitcoin surged to a new historical high above $68,000 on Nov. 9.
The IMF previously issued a warning against El Salvador’s Bitcoin Law in June, which didn’t prevent the country from adopting it and accepting BTC as legal tender in September.