Bitcoin Surges 170% After ECB's Failed Last Gasp Prediction
• Bitcoin has gained almost 170% since the ECB called its impending crash to $16.4K a "last gasp" on Nov. 30, 2022
• Bitcoin hit $69K in Nov. 2021 before falling to $17K in June 2022; the ECB said stabilization around $20K was "an artificially induced last gasp before the road to irrelevance"
• After revisiting $16.4K in mid-Dec, Bitcoin rallied 70% in Q1 2023 to over $43K, soundly disproving the ECB's prediction
• The ECB is known to be skeptical of crypto, with Chief Lagarde saying she has "a very low opinion of cryptos" after her son lost money investing against her advice
• The ECB is preparing to potentially roll out a central bank digital currency (CBDC), while continuing to criticize decentralized cryptos like Bitcoin