Dec 1, 2022
European Central Bank warns that Bitcoin’s days might be over soon
Posted by Gemechu Taye in categories: bitcoin, cryptocurrencies
The recent price stabilization was the last gasp, according to experts.
The world’s most popular cryptocurrency, Bitcoin, is on its way to irrelevance, according to the Director General of the European Central Bank and his adviser. In a recent blog post, the duo questioned the utility of Bitcoin as a form of alternate currency and the value it has created for society thus far.
The comments come at a time when the cryptocurrency industry is reeling under a shock from the collapse of FTX, one of the largest crypto exchanges in the world.
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