Bitcoin (BTC) received another negative assessment from central banks, this time Benoit Kerere from the executive board of the European Central Bank (ECB), calling the original cryptocurrency an evil offspring of the financial crisis, reports the Financial Times. That can be found on the network recently. Bitcoin fell and fiat experts immediately started a new wave of hate, do you think bitcoin will recover soon?
That's funny, because with debt levels soaring among EU countries, and with the Brexit issue, many are questioning the viability of the European Central Bank and the euro. I think the ECB has bigger fish to fry than bitcoin, and I don't think bitcoin poses a risk to the euro in the near term. I think there could be a worry among central bankers as to whether it will become a significant competitor maybe five or 10 years out.
Yeah i agree. Unless they really believe these statements will shut btc down, i don't think they see it as that big of a threat yet. Though they probably know it will eventually. There will come a time when banks will stare face to face at a crypto revolution and big bankers are probably issuing these kind of statements to prepare for that time.