European Central Bank declares that the fair value of Bitcoin remains at zero.
1 min read
In case you missed it, there is a recent article from two officials at the ECB discussing BTC, and it is not a glowing review:
Here are a couple of excerpts:
We continue to emphasize that the fair value of Bitcoin remains at zero. The prospect of another boom-bust cycle for Bitcoin is concerning for society. This could lead to significant collateral damage, including environmental harm and wealth redistribution favoring the more sophisticated individuals. Bitcoin has not lived up to its original vision of becoming a global decentralized digital currency. Additionally, its claim of being a financial asset with a guaranteed increase in value has also been proven wrong.
For the full article, click on the link above. Despite this, recent price movements suggest that BTC may still have some potential!
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