ECB Doubles Down on Bitcoin Doubt Despite Growing Adoption
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The ECB published a blog repeating debunked claims that bitcoin has failed as a currency and investment and has a fair value of zero.
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The ECB feels the crypto vibe shift and sees a potential bitcoin rally coming, yet still claims it is unsuitable as an investment or means of payment.
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The ECB has predicted bitcoin's demise before, yet it continues gaining adoption and value while the euro loses value against it.
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The ECB makes claims about criminal use of bitcoin that are unsubstantiated or contradicted by evidence about declining crypto crime rates.
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The ECB admits bitcoin's decentralization presents regulatory challenges, yet fails to constructively consider regulating it rather than simply predicting its failure.