The ECB has just published a blog post in which it claims that the fair value of Bitcoin is “still zero”. However, BTC continues to shine on the crypto market and attract more and more investors.
The ECB denigrates BTC crypto despite its surge
In a blog post published Thursday, Ulrich Bindseil and Jürgen Schaaf have expressed their skepticism towards Bitcoin. According to the two ECB officials, the approval of Bitcoin ETFs in the United States does not change the fact that “BTC is not suitable as a means of payment or as an investment”.
They even claim that BTC’s price surge and growing market cap are just one measure of the “global social damage that will occur when the house of cards collapses”.
Bitcoin has no use in the opinion of the ECB
Despite The critics of the ECB, Bitcoin has continued to shine on the crypto market. The BTC price displays an increase of 0.4% since yesterday. Bitcoin also has a market capitalization of $1 trillion. Which still places it among the most popular crypto assets in the world.
You must know that this is not the first time that the ECB has attacked Bitcoin. In November 2022, the same authors declared that Bitcoin was on the “path to irrelevance” and that it was on its “last gasp.”
Even today, BTC is an asset that sparks a lot of debate. His detractors (including the ECB) do not hesitate to criticize him relentlessly. However, Bitcoin does not need the approval of the ECB to exist and prosper. For many, it represents a major innovation and a unique opportunity.
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