European Central Bank fficials
Discuss the Value of Bitcoin
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European Central Bank (ECB) officials Ulrich
Bindseil and Jürgen Schaaf have remained
steadfast in their skepticism towards the recent
approval of spot Bitcoin ETFs in the United States.
Despite the Securities and Exchange
Commission's nod to 11 spot Bitcoin ETEs in
January, which subsequently attracted over $3
billion in net flows and more than $1 billion in
deposits within a week, Bindseil and Schaaf
.continue to express their reservations
European Central Bank officials discuss Bitcoin
and ETF
In a recent blog post, the European Central Bank
officials expressed their dissent, rejecting the
notion that Bitcoin investments are inherently
safe or that the cryptocurrency's recent rally
signifies an inevitable triumph. They maintain
their position that the fair value of Bitcoin remains
t zero, echoing sentiments they voiced back in
November 2022 when they declared Bitcoin to be
".on the "road to irrelevance
