New Attack from ECB to Bitcoin
As it’s known in the sector, in January 10th 2024, the US SEC approved 11 Bitcoin Spot ETFs for retail and institutional investors.
But, the European Central Bank issued a harsh statement against Bitcoin, putting on the table the facts below:
- Bitcoin transactions are slow and costly
- Bitcoin is not suitable as a medium for investments as there is no intrinsic value in it like in other assets
- The mining process is extremely polluting for the environment and its increase is expected to enhance that point.
All of the above statements has been passed from the crypto community many, many years ago based on the market reality.
But the bureaucratic mechanisms are always following the market reality and are making laws accordingly.
This will happen in this occasion also………
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