News Explorer — European Central Bank Officials Slam Bitcoin, Saying 'Fair Value Is Still Zero'

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Feb 22, 1:05 pm

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European Central Bank Officials Slam Bitcoin, Saying 'Fair Value Is Still Zero'

The approval of spot Bitcoin ETFs in the U.S. has not swayed European Central Bank officials, who maintain that the fair value of Bitcoin is still zero. They argue that Bitcoin transactions are slow and costly, that mining pollutes the environment, and that the leading cryptocurrency is prone to price manipulation and fraud. Despite Bitcoin's growing market capitalization and price surge, the ECB officials believe it is a house of cards waiting to collapse.

The approval of spot Bitcoin ETFs in the U.S. has not swayed European Central Bank officials, who maintain that the fair value of Bitcoin is still zero. They argue that Bitcoin transactions are slow and costly, that mining pollutes the environment, and that the leading cryptocurrency is prone to price manipulation and fraud. Despite Bitcoin's growing market capitalization and price surge, the ECB officials believe it is a house of cards waiting to collapse.

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