Is Bitcoin’s future in jeopardy according to the European Central Bank?
The European Central Bank (ECB) warns that Bitcoin’s intrinsic value is "zero" and labels it a speculative bubble detached from economic fundamentals. Despite Bitcoin’s surge to over $52,000, the ECB highlights the cryptocurrency's environmental damage from mining, its failure as a global digital currency, and its facilitation of criminal activities. The ECB calls for stricter regulatory oversight, emphasizing that Bitcoin’s price will eventually align with its fundamental value. Show Less
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