ECB President Warns Against Legitimizing Bitcoin: Is it Artificially Propped Up? | #shorts #news

Latest Reports | "ECB President Warns Against Legitimizing Bitcoin: Is it Artificially Propped Up?" | #shorts #news

The European Central Bank (ECB) on Wednesday said Bitcoin's recent stabilisation was an "artificially induced last gasp" and regulators or financial firms shouldn't legitimise it. "Big Bitcoin investors have the strongest incentives to keep the euphoria going," the ECB stated, adding that the world's largest cryptocurrency is heading towards "irrelevance". Bitcoin has fallen 75% in the past year.

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#ECB #Bitcoin #Stabilisation #LastGasp #Regulators #FinancialFirms #BigBitcoin #Euphoria #Cryptocurrency #Irrelevance #75%Drop #news #topnews

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