ECB against Bitcoin in reserves: a threat to national banks?
ECB President Piero Cipollone said the European Central Bank would reconsider its relationship with any national bank that adds Bitcoin to its reserves.
📌 Key points:
🔹 Bitcoin is not a reserve asset: too speculative.
🔹 Gold vs Bitcoin: no intrinsic or industrial value.
🔹 Stablecoin concerns: threat of deposit outflow to the US.
🔹 Digital euro: focused on retail payments.
🔹 Innovation: exploring new options, including conditional payments.
⚡ What does this mean?
The ECB's rhetoric underlines its tough approach to cryptocurrencies. This could affect the policies of national banks in the eurozone and make it more difficult for BTC to integrate into the financial system.
💬 What do you think? Should banks store bitcoin?
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