Central Bank Says "Bitcoin's Fair Value is Still Zero"

The European Central Bank woke up and chose violence

The European Central Bank woke up and chose violence: says bitcoin has failed on its promise, its fair value is still zero, causes environmental damage and is a market for snake oil salesmen. Says ETF rally is just a dead cat bounce.

-Eric Balchunas, BBG Crypto Analyst

Quick Comment here: The ECB is going to push its own CBDC much harder now as a solution

…