European Central Bank Claims Bitcoin is Just a Fleeting Speculative Bubble, Community Counters: Euro to Bitcoin Collapse for Years

European Central Bank Claims Bitcoin is Just a Fleeting Speculative Bubble, Community Counters: Euro to Bitcoin Collapse for Years

European Central Bank Claims Bitcoin is Just a Fleeting Speculative Bubble, Community Counters: Euro to Bitcoin Collapse for Years

In addition, this is not the first time that the European Central Bank has criticized Bitcoin. In 2022, during the lowest period of the cryptocurrency market, these two “experts” also published a critical article through the European Central Bank. The content of the article at that time accused Bitcoin of being unsuitable as a payment system and an investment, and therefore should not be considered as a payment system or legalized in terms of regulation. The financial industry should also be cautious about the potential long-term damage that promoting Bitcoin investment may cause to the financial market.