The latest critique came from the top leadership at European Central Bank (ECB), who stated that Bitcoin’s value “is likely to be artificially induced” while adding that the crypto-asset is on a “road to irrelevance.”
In the blog post, ECB Director General Ulrich Bindseil and Analyst Jürgen Schaff went on to claim that the world’s largest cryptocurrency has “never been used to any significant extent for legal real-world transactions.” The duo even blamed Bitcoin’s “conceptual design and technological shortcomings” that make it “questionable as a means of payment.”
All Comments