The European Central Bank says that bitcoin is “rarely used for legal transactions” and is on the “road to irrelevance”, without citing any strong data points
European Central Bank officials alleged on Wednesday that bitcoin is “rarely used for legal transactions …
TechCrunch Manish Singh
Related Coverage
- Bitcoin's last stand — Amid the widespread fallout in crypto markets following the collapse … European Central Bank
- Bitcoin is on its ‘last gasp before the road to irrelevance,’ ECB advisers argue The Block · Adam Morgan McCarthy
- ECB payments experts sound the death knell for bitcoin Finextra
- ECB says Bitcoin is artificially propped up, shouldn't be legitimised Reuters · Francesco Canepa
- Bitcoin is on the ‘road to irrelevance’ warns European Central Bank Finbold · Jordan Major
- European Central Bank says bitcoin is on the ‘road to irrelevance’ CNBC · Ryan Browne
- Key Officials at the European Central Bank (ECB) Believe That Bitcoin Is at a “Last Gasp” Stage on the “Road to Irrelevance” Wccftech · Rohail Saleem
- European Central Bank's Ulrich Bindseil Says Bitcoin ‘Should Not Be Legitimised’ CryptoGlobe · Siamak Masnavi
Discussion
-
@ecb
@ecb
on x
The apparent stabilisation of bitcoin's value is likely to be an artificially induced last gasp before the crypto-asset embarks on a road to irrelevance. #TheECBblog looks at where bitcoin stands amid widespread volatility in the crypto markets. Read more https://www.ecb.europa.e…
-
@katie_martin_fx
Katie Martin
on x
seems to be in Team ‘Let Crypto Burn’ really going honeybadger here https://twitter.com/...
-
@joel_john95
Joel John
on x
The European Central bank (@ecb) covered Bitcoin on their blog today. It said bitcoin is 'rarely used" for “legal” transactions. But offered no statistic to back it. So went down the rabbithole. Time for some numbers ☕️ https://twitter.com/...
-
@thestalwart
Joe Weisenthal
on x
“TLDR: The ECB wants to buy your Bitcoins on the cheap.” 🗨️ 50 🔁 900 ❤️ 3345
-
@ben_mckenzie
Ben McKenzie
on x
Yes, but only if @Tether_to is actually brought to justice. You know, the company with deep ties to Italy, one of your member states @ecb https://twitter.com/...
-
@notgrubles
@notgrubles
on x
Did they just post this during record inflation...? https://twitter.com/...
-
@loic
Loic Le Meur
on x
Since @FTX_Official stole mine I don't have to worry about it anymore https://twitter.com/...
-
@loopifyyy
@loopifyyy
on x
in other words: bitcoin takes away power and control from us, please do not help it grow https://twitter.com/...
-
@nvk
@nvk
on x
Imagine being the size of the ECB and have to keep addressing something as small as bitcoin all the time. Cope harder. https://twitter.com/...
-
@autismcapital
@autismcapital
on x
This is the real European Central Bank twitter account. This is not satire. https://t.co/eZwlkXWvmF
-
@mayhem4markets
@mayhem4markets
on x
Shots fired! ECB says bitcoin is headed toward irrelevance. 😂 https://twitter.com/...
-
@thestalwart
Joe Weisenthal
on x
Setting aside the ECB's Bitcoin price prediction, I think this is spot on. Basically all of crypto is predicted on this logic, that because of Satoshi's innovation in computer science, that it's only a matter of time before people find something that it must be good for. https://…
-
@ryan_browne_
Ryan Browne
on x
Really strong words from the ECB on #bitcoin here. The central bank says BTC's recent price increase is likely an “artificially induced last gasp before the road to irrelevance.” https://www.ecb.europa.eu/...
-
@wintonark
Brett Winton
on x
Today in central banking and irrelevance https://twitter.com/...
-
@thestalwart
Joe Weisenthal
on x
Looking forward to the Bitcoin community's measured and civil response to this https://twitter.com/...
-
@udiwertheimer
Udi Wertheimer
on x
@ecb The apparent stabilisation of THE EUROZONE is likely to be an artificially induced last gasp before the continent embarks on a road to irrelevance. #TheUdiverse looks at where europoors stand amid widespread volatility in the global markets.
-
@storagezilla
Mark Twomey
on x
We'll see. https://www.ecb.europa.eu/...
-
@paulbuitink
Paul Buitink
on x
Spend more time fixing your own coin please. https://twitter.com/...
-
@sytaylor
Simon Taylor
on x
... wow https://twitter.com/...
-
@loomdart
@loomdart
on x
man https://twitter.com/...
-
@mtmalinen
Tuomas Malinen
on x
First, I thought this was a parody account, but no. This is a pure propaganda piece from the @ecb , attack against economic freedom, what the #CentralBanks are currently waging. You failed 🫵. Now it's our responsibility to create whatever monetary system we like.😤 #Bitcoin https:…
-
@btc_archive
@btc_archive
on x
Bitcoin will be around long after the ECB has disappeared. https://twitter.com/...
-
@smtuffy
Sean Tuffy
on x
🔥🔥🔥 https://twitter.com/...
-
@mdudas
Mike Dudas
on x
jUsT iMaGiNe IrReLaVaNcE https://twitter.com/... https://twitter.com/...
-
@lefterisjp
@lefterisjp
on x
- Jürgen the ECB has one of the worst crisis since its inception. - Don't worry Ulrich let's write something about Bitcoin to divert attention from our failures. Works every time. https://twitter.com/... https://twitter.com/...
-
@smtuffy
Sean Tuffy
on x
I see the ECB has chosen violence this morning https://twitter.com/...
-
@katie_martin_fx
Katie Martin
on x
ECB not pulling its punches here. - Bitcoin is rarely used for legal transactions - Regulation can be misunderstood as approval - Promoting Bitcoin bears a reputational risk for banks https://twitter.com/...
-
@alistairmilne
Alistair Milne
on x
Most bullish thing I've seen all year https://twitter.com/...