The ECB in a parallel world? Central bankers criticize Bitcoin (BTC) but are in a hurry to exploit its technologies to release their own MNBC (central bank digital currency). The European Central Bank (ECB) did not hesitate to spend 1.3 billion euros of European taxpayers for its digital euro. The bankers are therefore trying, once again, to denigrate the competition (growing) of the king of cryptocurrencies.
Bitcoin is a failure across the board for EU bankers
What is fascinating about European Central BankIt is his very great regularity in talking about the “insignificant” Bitcoinaccording to its own term used in December 2022. It should also be noted here that, since the ECB spoke of “ last breath » (still his own words) of Bitcoin, the price of BTC has just taken a small +200% value against the eurogoing from less than 16,000 to more than 48,000 euros, between the “Death” announced by Bitcoin by the ECB and today.
And this February 22, 2024, the central bankers of the European Union pardon us with a new anti-Bitcoin pamphlet. As an appetizer, here is already the insulting little introductory text of this latest ECB report:
“Bitcoin has failed on its promise to become a globally decentralized digital currency and is still hardly used for legitimate transfers [ndlr : totalement FAUX, seulement 0,03% du volume total des échanges serait lié au blanchiment d’actes illicites]. The recent approval of an ETF does not change the fact that Bitcoin is not suitable as a means of payment or as an investment. »
European Central Bank
Spot BTC ETFs won’t save cryptocurrency, ECB says
Rest assured, if you are not already angry, the title of this report from European bankers is just as insulting: “ Bitcoin ETF Approval – The Naked Emperor’s New Clothes “. Because yes, the recent funds traded on the stock exchange of the “insignificant” invention of Satoshi Nakamoto must have given them a little pressure shot. Especially seen the demand and success of these spot BTC ETFsapproved on January 10 in the United States.
“For the disciples [de Bitcoin [ndlr : qui est donc une secte pour eux ?]]the official approval [des ETF au comptant] confirms that investments in bitcoins are safe, and the preamble to an unstoppable triumph. We disagree with both of these statements and reaffirm that the fair value of Bitcoin is still zero. (…) The collateral damage will be massive, including environmental damage (…). »
European Central Bank
As you will have understood, this report is a summary of all the clichéssince a long time hackneyed, on Bitcoin. At this level of bad faith sidereal, we can only note that it is now almost hatred which animates the foul talk from the ECB bankers (we promise, they’re the last ones we’ll inflict on you):
“(…) three structural reasons can explain the apparent resistance (sic) [de Bitcoin] : the continued manipulation of the “price” in an unregulated market, without control and without fair value, the growing demand for the “currency of crime” and the gaps in the judgments and measures of the authorities. »
European Central Bank
It’s okay, don’t worry anymore, gentlemen European bankers. When we spoke of bad faith, it was not an exaggeration. Especially on the “shortcomings of the authorities”. Unless these members of the European Central Bank have sincerely never heard of the total war against cryptos led by Gary Gensler and his Securities and Exchange Commission (DRY) in the USA ? We’ll see you again in a year, to see if the ECB has completely covered in ridicule (and who knows, +200% again on Bitcoin against the euro by then?).