In a recent blog post on The ECB Blog, European Central Bank officials Ulrich Bindseil and Jürgen Schaaf delivered a scathing critique of Bitcoin, asserting that it has failed to fulfill its promise as a global decentralized digital currency. The post, titled “ETF approval for bitcoin – the naked emperor’s new clothes,” was published on February 22, 2024, and comes in the wake of the US Securities and Exchange Commission’s (SEC) approval of spot exchange-traded funds (ETFs).
ECB Tries Once Again To Defame Bitcoin
The ECB’s statement on X (formerly Twitter) summarized the blog’s sentiment, stating, “Bitcoin has failed to become a global decentralised digital currency, instead falling victim to fraud and manipulation. The recent approval of an ETF doesn’t change the fact that Bitcoin is costly, slow and inconvenient.”
Bitcoin has failed to become a global decentralised digital currency, instead falling victim to fraud and manipulation.
The recent approv
We współpracy z: https://bitcoinist.com/ecb-report-bitcoin-has-failed-despite-etfs/
