Irrelevance

ECB Says Bitcoin Is On “Road To Irrelevance” Amid Crypto Meltdown

The European Central Bank says bitcoin is on an “artificially induced last gasp before the path of irrelevance,” in a scathing intervention arguing against granting regulatory legitimacy to the cryptocurrency. In a strongly worded blog post, European Central Bank (ECB) senior executives Ulrich Bindseil and Jürgen Schaaf criticized bitcoin for being a hotbed of illegal …

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European Central Bank Says Bitcoin Is On “Road To Irrelevance”

European Central Bank Says Bitcoin Is On “Road To Irrelevance”

The bitcoin logo displayed on a smartphone with euro banknotes in the background. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank has strongly criticized bitcoins Wednesday, saying the cryptocurrency is on a “path to irrelevance.” In a blog post titled “Bitcoin’s Last Stand,” ECB Director General Ulrich Bindseil and analyst Jürgen Schaff …

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