ECB Rejects Bitcoin for Reserves Despite Euro's 44% Decline
ECB Rejects Bitcoin for Reserves Despite Euro's 44% Decline
馃彟 ECB Says No
The European Central Bank maintains its stance against Bitcoin adoption for reserves, citing safety and security concerns.
Key performance comparison since inception:
- Euro: -44% decline in value
- Bitcoin: +23,675% increase in value
ECB President Christine Lagarde previously confirmed that Bitcoin won't be added to EU central bank reserves, despite the stark performance difference between the traditional currency and the digital asset.
The decision highlights the ongoing tension between traditional monetary policy and emerging digital assets, as central banks prioritize perceived stability over potential returns.
European Central Bank: 'We won't use Bitcoin, reserves have to be safe & secure' The Euro: Lost -44% of its value since it started Bitcoin: Up +23,675% of it's value since it started
馃嚜馃嚭 European Central Bank President says Bitcoin will not be included in any EU central bank reserves. "Reserves have to be liquid, reserves have to be secure, they have to be safe, and they should not be plagued by money laundering or other criminal activities."