ECB slams Bitcoin ETFs as ‘the naked emperor’s new clothes’
The European Central Bank (ECB) posted a new blog on February 22 criticizing Bitcoin (BTC). Notably, the last time it happened, on November 30, Bitcoin was trading at $17,000, three times less than the current $51,500. In this recent post, the authors compare the Bitcoin ETFs’ approval in the United States to “the naked emperor’ s new clothes .” Citing that Bitcoin has failed as a global decentralized digital currency: “Bitcoin has failed on the promise to be a global decentralised digital currency and is still hardly used for legitimate transfers. The latest approval of an ETF doesn’t change the fact that Bitcoin is not suitable as means of payment or as an investment.” – Ulrich Bindseil and Jürgen Schaaf, writing for the ECB Picked for you 3 cryptocurrencies to turn $100 into $1,000 next week 1 hour ago Colossal whale buys over $250 million of Ethereum in 4 days 2 hours ago Shots fired: Arthur Hayes slams Cardano as ‘dogsh*t’ and ‘wannabe Ethereum’ 2 h...