ECB Dismisses Bitcoin Despite US ETF, Citing No Cashflow, Environmental Issues
• European Central Bank (ECB) officials say Bitcoin's fair value is still zero despite US ETF approval • They argue Bitcoin is hardly used for payments and transactions are slow, inconvenient, and costly • ECB says Bitcoin doesn't generate cash flow or dividends like other assets and has no social benefit • They warn that mining Bitcoin continues to cause massive environmental pollution • Venture capitalist Balaji Srinivasan disagrees, sharing a chart showing the euro has collapsed against Bitcoin