
European Central Bank says bitcoin is on the ‘road to irrelevance’
The European Central Bank gave a strong critique of bitcoinon Wednesday, saying the cryptocurrency is on a “road to irrelevance.” In a blogpost titled “Bitcoin’s last stand,” ECB Director General Ulrich Bindseil and analyst Jürgen Schaff said that, for bitcoin’s proponents, the apparent stabilization in its price this week “signals a breather on the way to new heights.” “More likely, however, it is an artificially … Continue reading European Central Bank says bitcoin is on the ‘road to irrelevance’