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News Explorer — European Central Bank Still Believe Bitcoin Is Not a Viable Cryptocurrency and Has No Value

Generated by AI, curated by humans


Feb 22, 11:59 am
The Block

European Central Bank Still Believe Bitcoin Is Not a Viable Cryptocurrency and Has No Value

European Central Bank advisors have reiterated their criticism of Bitcoin, stating that it has failed to become a global decentralized cryptocurrency and has instead been plagued by fraud and manipulation. They argue that Bitcoin is not suitable as a means of payment or investment, and that its fair value is zero. The advisors also highlight concerns about environmental damage and wealth redistribution associated with Bitcoin.

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