Is Bitcoin’s Future Doomed? European Central Bank Says Yes, Offers Stark Warning
In a striking declaration, the European Central Bank (ECB) on Thursday said Bitcoin (CRYPTO: BTC) holds an intrinsic value of “zero.” This announcement follows the U.S. Securities and Exchange Commission’s (SEC) landmark decision to approve Bitcoin spot exchange-traded funds (ETFs). Cryptocurrency fans see this as a validation of Bitcoin’s legitimacy and a sign of its future success. What Happened: The ECB’s latest commentary, articulated in a blog post, directly challenges the burgeoning confidence in Bitcoin’s investment safety and seemingly unstoppable ascent. The ECB blog post stated that …