ECB bitcoin report triggers Crypto Twitter, catches community note
The European Central Bank rattled crypto evangelists, branding bitcoin “inconvenient, slow, and costly,” and touching on numerous criticisms.
The European Central Bank rattled crypto evangelists, branding bitcoin “inconvenient, slow, and costly,” and touching on numerous criticisms.
The ECB has also declared that bitcoin’s recent rally is nothing more than a last gasp before it slips into irrelevance.
According to the ECB, as the popularity of stablecoins continues to grow, they pose a greater risk to other non-crypto areas of the economy.