Bitcoin Is Not Money Because We Cannot Print It Banks
https://blockpublisher.com/bitcoin-is-not-money-because-we-cannot-print-it-banks/
And yet another other attack, but seriously flaw argument coming from banks. But that's fine, hearing this kind of arguments make me think that they are really threaten by crypto and afraid that one day all of them will become obsolete, or least majority of people will go to crypto, specially bitcoin.
Quote
Bitcoin is not money, the European Central Bank published a statement regarding bitcoin as not being a monetary asset. These words from the bank are immensely harsh for the crypto community. The crypto analyst and investor, Joseph Young suggests that the bank has released the statement as per the crypto assets being unprintable. Though this is an absurd manner to qualify a monetary asset as money, the bank does praise the technology in the working behind bitcoin. The technology, being the entire crypto protocols, most specifically, decentralization is breakthrough and can make up for some decent projects in the future.
https://blockpublisher.com/bitcoin-is-not-money-because-we-cannot-print-it-banks/
And yet another other attack, but seriously flaw argument coming from banks. But that's fine, hearing this kind of arguments make me think that they are really threaten by crypto and afraid that one day all of them will become obsolete, or least majority of people will go to crypto, specially bitcoin.
LOL!! I didn't think Banks can make such laughable statement on one of the most important innovation of this decade! But it is very true that Banks are really shaking about the increasing prominence of crypto space. It directly threatens their business because they can see their hold on the economy is loosening. Sometimes back I had received the below email from my bank about bitcoin and cryptos. You can see how negatively they are portraying the cryptos through this propaganda mailer.
The frequency of such propaganda attacks will increase in near future! The more Banks will fear bitcoin, the more they will try to send out such information to their customers to create a negative mindset about bitcoin among the mass.