If You Invested $1,000 In Bitcoin When The ECB Said It’s ‘Irrelevant’ Here’s How Much You Would Have Today
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Published by
Benzinga
Benzinga
On Feb.22, Europe’s leading financial authority, the European Central Bank (ECB) doubled down on its criticism of Bitcoin (CRYPTO: BTC), saying it has “no fair value.” But that was not the first time the ECB criticized the apex crypto. Here’s a look back at what the ECB said in November 2022 when Bitcoin traded at its lowest levels. What Happened: In its latest blog post, the central bank termed the approval of spot exchange-traded funds (ETFs) for Bitcoin as “the naked emperor’s new clothes.” The ECB expressed skepticism about Bitcoin’s status as a global decentralized digital currency, citin…