European Central Bank representatives called Bitcoin a"naked emperor" amid the Bitcoin ETF frenzy in the U.S. Seasoned Bitcoiners addressed the never-ending hostility from top EU finance watchdog.Euro collapsed against Bitcoin: Crypto Twitter on Bitcoin ETF criticism from regulator
Renowned venture capitalists and former Coinbase CTO Balaji Srinivasan demonstrated the historic chart of the BTC/EUR pair to prove that Bitcoin seems to be far more reliable a store of value than Euro. In a semi-ironic manner, he commented on another adamant anti-Bitcoin report shared by the ECB.Since the inception of Bitcoin , the Euro has lost over 99% of its value against the first cryptocurrency. Srinivasan stated that, thus, the EUR"collapsed" in its pairing with the orange coin.
Another cryptocurrency veteran, Gabor Gurbacs, advisor of VanEck and Tether Limited, added that only time will tell whether the Euro is better than Bitcoin.The ETF approval in the U.S. is a big deal. You will fall behind if you are against Bitcoin.As covered by U.Today previously, the ECB periodically releases dramatic reports slamming BTC as a form of investment, medium of exchange and store of value.
Also, according to the ECB, BTC transactions remain slow, costly and inconvenient, while the mining of Bitcoin using the proof-of-work mechanism continues to pollute the environment on the same scale as entire countries.Testnet Launch for dWallet Network - Composable Modular Signature NetworkCoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
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