Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Unwarranted ECB claims about BTCs "last stand"
by
o_e_l_e_o
on 05/12/2022, 20:12:04 UTC
⭐ Merited by Pmalek (1)
So the ECB is making some strange claims that this is Bitcoin's "last stand before the road to irrelevance," citing that BTC is down 77% from its last all-time high.
Perhaps the ECB should pay less attention to bitcoin and more attention to how the euro is doing...


So, to summarize, the ECB is essentially asserting that Bitcoin's end is drawing near.
A centralized bank, who will be soon launching their own centralized digital currency, and whose very existence depends on bitcoin not succeeding, says that bitcoin's end is near. Roll Eyes In other news, world's biggest typewriter manufacturer thinks computers are too complicated and too expensive and will soon die out.

I'm just out here wondering on what basis they're making such assumptions.
Self preservation. As soon as they lose the ability to control your money, they lose all the power and relevance they ever had.