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News Explorer — ECB Adviser: Nation-State Bitcoin Reserves 'Risky Idea'

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Feb 26, 9:24 am
Cointelegraph

ECB Adviser: Nation-State Bitcoin Reserves 'Risky Idea'

European Central Bank adviser Jürgen Schaaf has reiterated the bank's negative stance on Bitcoin, stating that nation-state Bitcoin reserves are "risky" due to extreme volatility and susceptibility to manipulation. Arguing that Bitcoin has "no real economic necessity or relevant usage," Schaaf said that adding Bitcoin to ECB reserves would not stabilize the single currency but fuel speculation.

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