🤔 "Bitcoin maximalists, who once swore to overthrow central banks and Wall Street, are now begging them to buy up huge volumes of the first cryptocurrency to get rich themselves. These people deserve our relentless contempt" — Yanis Varoufakis stated that crypto enthusiasts have completely abandoned the ideals of cypherpunks.
According to the former minister, Bitcoin, like cryptocurrencies in general, still cannot replace traditional assets, and it is pointless to consider digital currencies as tools for financial liberation.
Yanis Varoufakis has repeatedly criticized the economic policy of the European Union and advocated for the democratization of the banking industry.
Earlier, board member of the European Central Bank (ECB) Piero Cipollone stated that Bitcoin lacks a revenue model, and the appeal of the first cryptocurrency is based solely on speculative interest.