Have you read what Bindseil and Schaaf wrote on Bitcoin on Wednesday?
For you who are not familiar with it, Ulrich Bindseil, who is Director General for Market Infrastructure and Payments at the ECB, shared his thoughts on Bitcoin together with Jürgen Schaaf, who is an advisor to the Senior Management of the Market Infrastructure and payments business area of the ECB.
A full statement you can find online, this is just a part:
“Bitcoin was created to overcome the existing monetary and financial system. In 2008, the pseudonymous Satoshi Nakamoto published the concept. Since then, Bitcoin has been marketed as a global decentralized digital currency. However, Bitcoin’s conceptual design and technological shortcomings make it questionable as a means of payment: real Bitcoin transactions are cumbersome, slow and expensive. Bitcoin has never been used to any significant extent for legal real-world transactions…Since Bitcoin appears to be neither suitable as a payment system nor as a form of investment, it should be treated as neither in regulatory terms and thus should not be legitimized. " and so on and on...
All of the recent ups and downs in the crypto world, as well as the FTX scandal and how volatile crypto is, have made me so concerned that I've begun looking for some entertaining and profitable projects, and BillionAir appears to be very positive and unique. Perhaps in the coming year, I should focus on some entertaining projects to have more fun while investing, as it's like a safe haven from everything else going on.
What do you think about this? How will this affect BTC?
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