Bank of England Governor Mark Carney stated that Bitcoin, despite its dramatic price increases, did not pose a threat to global financial stability. Addressing British lawmakers, he characterized Bitcoin's volatility as an "equity-type risk" rather than a systemic financial concern, indicating that the cryptocurrency's fluctuations were notable but not destabilizing on a broader scale. Carney’s perspective was that Bitcoin did not yet merit categorization as a financial stability issue, largely due to its limited integration into the formal financial system at the time.